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Machine A=53500 Machine B=180000 Calculate the amount of depreciation expense that Novak should record for Machine B each year of its useful life under the
Machine A=53500 Machine B=180000 Calculate the amount of depreciation expense that Novak should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to 0 decimal places, e.g. 2,125.)
(1) | Novak uses the straight-line method of depreciation. | |
(2) | Novak uses the declining-balance method. The rate used is twice the straight-line rate. | |
(3) | Novak uses the units-of-activity method and estimates that the useful life of the machine is 155,000 units. Actual usage is as follows: 2022, 52,500 units; 2023, 42,500 units; 2024, 32,500 units; and 2025, 27,500 units. |
Depreciation Expense | ||||||||
---|---|---|---|---|---|---|---|---|
2022 | 2023 | 2024 | 2025 | |||||
Straight-line method | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
Declining-balance method | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
Units-of-activity method | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount |
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