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On January 2, 2012, Kinnamon Corp purchased equipment that cost $39,000. At the end of the equipment's 5 year useful life, Kinnamon expects to be
- On January 2, 2012, Kinnamon Corp purchased equipment that cost $39,000. At the end of the equipment's 5 year useful life, Kinnamon expects to be able to recover the equipment's $2,000 residual value. The equipment is supposed to run for a total life of 10,000 hours. It is expected to be used 1,500 hours in year 1; 3,000 hours in year 2; 3,300 hours in year 3; and 1,100 hours each year for year's 4 and 5. Can you show me how to make a depreciation schedule for the asset's entire useful life using Straight Line, Production (Units of Production) and Double Declining Balance
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