Depreciation Methods - on January 2,2018, skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. the machine cost $120,000 and its estimated useful life was four years or 920,000 cuttings, after which it could be sold for $5,000.

Cambridge Business Publishers Chapter 9 Accounting for Long-lived and Intangible Asses 451 Required Calculate each year's depreciation expense for the period 2018-2021 under each of the following depreciation methods: 1. Straight-line. 2. Double-declining balance. 3. Units-of-production. Assume annual production in cuttings of 200,000; 350.000; 260,000; and 110,000. b. Assume that the machine was purchased on July 1, 2018. Calculate each year's depreciation ex- pense for the period 2018-2022 under each of the following depreciation methods: 1. Straight-line. 2. Double-declining balance. -4A. Accounting for Plant Assets Ethan Corporation had the following transactions related to its delivery truck: L01, 2, Year 1 muck with an estimated useful life of four years and a