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Marigold Corp. purchased machinery for $313,500on May 1, 2020. It is estimated that it will have a useful life of10years, salvage value of $16,500 production

Marigold Corp. purchased machinery for $313,500on May 1, 2020. It is estimated that it will have a useful life of10years,

salvage value of $16,500

production of237,600units

working hours of25,000

During 2021, Marigold Corp. uses the machinery for2,650hours

and the machinery produces26,520units.

From the information given, compute the depreciation charge for 2021 under each of the following methods.

(a)Straight-line

(b)Units-of-output

(c)Working hours

(d)Sum-of-the-years'-digits

(e)Declining-balance (use 20% as the annual rate)

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