Concord Company purchased a new machine on October 1, 2020, at a cost of $114,800. The company estimated that the machine will have a salvage value of $14,800. The machine is expected to be used for 10,000 working hours during its 4-year life.

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Compute the depreciation expense under straight-line method for 2020. (Round answer to 0 decimal places, e.g. 2,125.)

		2020
Depreciation expense		$ SHOW SOLUTION LINK TO TEXT

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Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,500 hours. (Round intermediate calculations to 1 decimal place, e.g.10.1 and final answer to 0 decimal places, e.g. 2,125.)

		2020
Depreciation expense		$ SHOW SOLUTION LINK TO TEXT

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Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to 0 decimal places, e.g. 2,125.)

		2020		2021
Depreciation expense		$		$