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At the beginning of 2017, Wiley Company buys a $30,000 piece of equipment that it expects to use for 4 years, and the machine is

At the beginning of 2017, Wiley Company buys a $30,000 piece of equipment that it expects to use for 4 years, and the machine is expected to produce a total of 200,000 units. The equipment has an estimated salvage value of $2,000. a. Prepare a depreciation schedule under the straight-line method for all years. Be sure to include annual depreciation expense and the total accumulated depreciation at the end of each year.

b. Find the depreciation rate per unit under the units-of-production method.

c. Prepare a depreciation schedule under the units-of-production method if, 44,000 units are produced in year one, 53,000 units in year two, 51,000 units in year three, and 52,000 units in year four. Be sure to include depreciation expense, accumulated depreciation and NBV for all years.

d. Prepare a depreciation schedule for double declining balance depreciation. Be sure to include depreciation expense and total accumulated depreciation for years 1 and 2.

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