E11.4 (LO 1, 2) Excel (Depreciation Computations-Five Methods) Jon Seceda Furnace Corp. purchased machinery for $315,000 on May 1, 2020. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, production of 240,000 units, and working hours of 25,000. During 2021, Seceda Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units. 11-34 CHAPTER 11 Depreciation, Impairments, and Depletion Instructions From the information given, compute the depreciation charge for 2021 under each of the following methods. (Round to the nearest dollar.) a. Straight-line. b. Units-of-output. c. Working hours. d. Sum-of-the-years' digits. e. Declining-balance (use 20% as the annual rate). E11.6 (LO 1, 2) (Depreciation Computations-Five Methods, Partial Periods) Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 40,000 units and estimated working hours are 20,000. During 2020, Bogues uses the equipment for 525 hours and the equipment produces 1,000 units. Instructions Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31. a. Straight-line method for 2020. b. Activity method (units of output) for 2020. c. Activity method (working hours) for 2020. d. Sum-of-the-years-digits method for 2022. e. Double-declining-balance method for 2021.