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At the beginning of last year, Bratworth Corporation purchased a piece of heavy equipment for $99,000. The equipment has a life of five years or
At the beginning of last year, Bratworth Corporation purchased a piece of heavy equipment for $99,000.
The equipment has a life of five years or 100,000 hours. The estimated residual value is $9,000. Bratworth
used the equipment for 21,000 hours last year and 27,000
hours this year. Depreciation expense for year two using double-declining-balance (DDB) and units-of-production (UOP) methods would be as follows:
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