On January 1, 2016, the Allegheny Corporation purchased machinery for $115,000. The estimated service life of the machinery is 10 years, and the estimated residual value is $5,000. The machine is expected to produce 220,00 units during its life.

Required:

Calculate depreciation for 2016 and 2017 using each of the following methods. Round all computations to the nearest dollar.

1. Straight line.

2. Sum-of-the-years-digits.

3. Double-declining balance.

4. One hundred fifty percent declining balance.

5. Units of production (units produced in 2016, 30,000; units produced in 2017, 25,000).