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On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $58,000. Residual value at the end of an estimated four-year service life is expected to

On January 1, 2013, Canseco Plumbing Fixtures purchased equipment for $58,000. Residual value at the end of an estimated four-year service life is expected to be $10,000. The company expects the machine to operate for 15,000 hours. The machine operated for 3,600 and 4,400 hours in 2013 and 2014, respectively.


a. Calculate depreciation expense for 2013 and 2014 using straight line method.



b.

Calculate depreciation expense for 2013 and 2014 using sum-of-the-years'-digits method.



c.

Calculate depreciation expense for 2013 and 2014 using double-declining balance method.



d.

Calculate depreciation expense for 2013 and 2014 using units-of-production method.

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