Calculate depreciation

A machine cost $500,000 on April 1, 2013. Its estimated salvage value is $50,000 and itsexpected life is eight years or 90,000 hours. it was used 20,000 hours in 2013 and 35,000 hours in 2014

Instructions

Calculate the depreciation expense (to the nearest dollar) by each of the following methods,showing the figures used.

(a) Straight-line for 2013 and 2014

(b) Double-declining balance for 2013 and 2014

(c) Units of production