Question
I just need help with a couple!! It is due at midnight if anyone can assist!! Depreciation Methods On January 2, 2015, Roth, Inc. purchased
I just need help with a couple!! It is due at midnight if anyone can assist!!
Depreciation Methods
On January 2, 2015, Roth, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $100,000, and its estimated useful life was four years or 950,000 cuttings, after which it could be sold for $5,000.
Required
a. Calculate each years depreciation expense for the machine's useful life under each of the following depreciation methods (round all answers to the nearest dollar): 1. Straight-line. 2. Double-declining balance. 3. Units-of-production. (Assume annual production in cuttings of 220,000; 370,000; 300,000; and 60,000.)
Depreciation Year Expense 2015 2016 2017 2018 2019 $ 5 2 6, 3. Units of Production Depreciation Year Expense 2015 2016 2017 2018 6, x b. Assume that the machine was purchased on July 1, 2015. Calculate each year's depreciation expense for the machine's useful life under each of the following depreciation methods 1. Straight-line 2. Double-declining balance 1. Straight-Line Depreciation Year Expense 2015 2016 2017 2018 2019 2: 2. . 2. Double-declining balance (Round answers to the nearest whole number, when appropriate.) Depreciation Year Expense 2015 2016 2017 2018 2019 3 1: 9, 0 x CheckStep by Step Solution
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