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At the beginning of 2018 XYZ Company purchased Equipment costing $90,000, and its residual value is $15,000. The estimated useful life of the equipment is

At the beginning of 2018 XYZ Company purchased Equipment costing $90,000, and its residual value is $15,000. The estimated useful life of the equipment is five years. The equipment is expected to be used for 3,750 hours over its life. In 2018 the equipment was used for 500 hours, and in 2019 the equipment was used for 750 hours

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Compute depreciation for calendar years 2018 AND 2019 under the following methods:

  1. Unity of Activity
  2. Straight Line
  3. Double Declining

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