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Crane Company purchased machinery for $172,200 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage
Crane Company purchased machinery for $172,200 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 87,900 units, and working hours of 43,500. During 2017, the company uses the machinery for 19,140 hours, and the machinery produces 25,491 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years-digits, and double-declining-balance methods. (Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to 0 decimal places, e.g. 5,125.)
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