Accounting 1A Exam 4 Review Problems 1. Calculate depreciation under all three methods using the following information: Asset Cost: $100,000 Residual Value: $10,000 Useful Life: 5 years Total Operating Hours: 50,000 hours Hours the asset was used in each of the four years: year 1 15,000 hours year 2 12,000 hours year 3 10,000 hours year 4 3,000 hours year 5 10,000 hours Depreciation Expense Double Units of Declining Straight-line Production Balance Year Method Method Method 2 5 Total for 5 yrs