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Hello, accounting question here. If you could explain formula as well, that would be greatly appreciated. Thank you! Computing Depreciation Under Alternative Methods Equipment costing

Hello, accounting question here. If you could explain formula as well, that would be greatly appreciated. Thank you!

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Computing Depreciation Under Alternative Methods Equipment costing $132,000 is expected to have a residual value of $12,000 at the end of its five-year useful life. The equipment is metered so that the number of units processed is counted. The equipment is designed to process 1 0,000 units in its lifetime. In 2016 and 2017 the equipment processed 1 85,000 units and 1 45,000 units respectively. Calculate the depreciation expense for 2016 and 2017 using each of the following methods: a. Straight-line (Round to nearest dollar) 2016 s 2017 s b. Double-declining-balance (Round to nearest dollar) 2016 s 2017 s c. Units of production (Round to nearest dollar) 2016 s 2017 s

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