A.Straight Line depreciation method

B. Units of production method

C. Double declining balance depreciation method

D. record the depreciation journal entry usinf the Double-Declining balance method for 2006

Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for complete credit. You may attach extra pages if you so desire. Please be NEAT when writing your answers. I cannot grade illegible answers. Problems portion of the test is worth a total of 40 points. 1. (14 points) Brenan, Inc. purchased equipment at the beginning of 2004 for $2,100,000. Brenan. The equipment has an estimated residual value (salvage value) of $100,000 and an estimated life of 5 years or 100.000 hours of operation. The machinery was operated for 15,000 hours in 2004, 20,000 hours in 2005, 35,000 hours in 2006, 20,000 hours in 2007, and 10,000 hours in 2008. Create a depreciation schedule for each of the following depreciation methods for the years 2004 to 2008: 1. Straight-line depreciation method 2. Units-of-production method 3. Double-declining balance depreciation method a. Straight-Line Date Cost 2004 2005 Book Value Depreciation Accumulated Book Value (beginning) Expense Depreciation (ending) 400,000 400,000 400,000 800,000 400,000 1.00,000 400,000 1,600,000 | 406,000 2,000,000 2006 2007 2008 b. Units-of-Production Date Cost Book Value Depreciation Accumulated Book Value (beginning) Expense Depreciation (ending) 2004 2005 2006 2007 2008 c. Double-Declining Balance