November Company purchased a new machine on October 1, 2019, at a cost of $104,000. The company estimated that the machine has a salvage value of $8,000. The machine is expected to be used for 80,000 working hours during its 8-year life. The machine was used for 2,900 hours in 2019, 12,000 in 2020 and 11,000 in 2021. Round the calculation of the depreciation cost per unit to the nearest cent (two decimal places).

Instructions

Compute depreciation expense each of the years ending December 31st below using the following methods in the years indicated (round the expense to the dollar, enter without $ or commas).

Straight-line expense for:

2019 :

2020 :

2021 :

Double-declining balance expense for:

2019 :

2020 :

2021 :

Units of Activity for:

2019 :

2020 :

2021 :