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(Calculation of depreciation expense under straight-line, double-declining-balance and units-of-activity) On January 1, 2020, a company purchased factory equipment for $188,000. It is estimated that the
(Calculation of depreciation expense under straight-line, double-declining-balance and units-of-activity) On January 1, 2020, a company purchased factory equipment for $188,000. It is estimated that the equipment will have a $15,875 salvage value at the end of its estimated 5-year useful lite and is expected to be used for 45.000 hours. The hourly usage by year is: 2020 12.000 2021 2022 14,000 8,000 6,000 5,000 2023 2024 Assume that the company uses the units-of-activity method of depreciation. Rounding the depreciable rate to 3.decimal places, what amount of depreciation expense would be recorded for the fiscal year ending December 31, 2021
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