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Calculate the amount of depreciation expense that Bramble should record for Machine B each year of its useful life under the following assumptions. (Round depreciation
Calculate the amount of depreciation expense that Bramble should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to 0 decimal places, e.g. 2,125.)
(1) | Bramble uses the straight-line method of depreciation. | |
(2) | Bramble uses the declining-balance method. The rate used is twice the straight-line rate. | |
(3) | Bramble uses the units-of-activity method and estimates that the useful life of the machine is 148,000 units. Actual usage is as follows: 2020, 51,500 units; 2021, 41,000 units; 2022, 30,500 units; 2023, 25,000 units. |
Depreciation Expense | ||||||||
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2020 | 2021 | 2022 | 2023 | |||||
Straight-line method | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | ||||
Declining-balance method | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | ||||
Units-of-activity method | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places | $enter a debit amount rounded to 0 decimal places |
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