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list of choices On April 22, 2020, Oriole Enterprises purchased equipment for $133.600. The company expects to use the equipment for 11.500 working hours during
list of choices On April 22, 2020, Oriole Enterprises purchased equipment for $133.600. The company expects to use the equipment for 11.500 working hours during its 4-year life and that it will have a residual value of $14,000. Oriole has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1.500 hours in 2020, 2800 hours in 2021; 3,500 hours in 2022 2,800 hours in 2023, and 1.100 hours in 2024 Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, es 5,276) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to decimal places, e.g. 5,276.) Depreciation Expense 2020 $ 2021 2022 $ 2023 $ Calculate a depreciation expense for the life of the asset under units-of-production method. (Round unit rate to 2 decimal places, e.3. 2.25 and final answers to decimal places, e.g. 5,276.) Depreciation Expense 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ Which method results in the lowest profit over the life of the asset? Which method results in the least cash used for depreciation over the life of the asset? Which method results in the lowest profit over Units-of-production method Double diminishing-balance method Straight-line method All methods have same total
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