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Leia Company purchased a machine for $4,660,000 on January 1, 2014. Leia estimates the machine will have an eight-year useful life, salvage value of $60,000,
Leia Company purchased a machine for $4,660,000 on January 1, 2014. Leia estimates the machine will have an eight-year useful life, salvage value of $60,000, production capability of 192,000 units of a product called Hoosier, and 16,000 working hours. During 2014, Leia used the machine for 2,400 hours and the machine produced 29,000 units. Compute Leias depreciation for 2014 assuming she uses the following depreciation methods:
a. Straight-line
b. Units-of-production
c. Working hours
d. Sum-of-the-years digits
e. Double-declining balance
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