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Merrik's Derrick's acquired a large piece of a large piece of equipment on Jan. 1, 1995, for $1,920,000 . The equipment is estimated to have
Merrik's Derrick's acquired a large piece of a large piece of equipment on Jan. 1, 1995, for $1,920,000 . The equipment is estimated to have a useful life of 5 years and a salvage value of $120,000 . Merrick expects to be able to use the equipment for 10,000 hours before it is worn out I. was used for 4,000 hours in 1995 and 2,350 hours in 1996. Calculate depreciation for 1995 and 1996 using each of the following methods straight line, Units-of outputs method, sum- of the years digits, )d double declining balance
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