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Oriole Company purchased a new machine on October 1,2019, at a cost of $132,000. The company estimated that the machine will have a salvage value
Oriole Company purchased a new machine on October 1,2019, at a cost of $132,000. The company estimated that the machine will have a salvage value of $19,000. The machine is expected to be used for 10,000 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2019. (Round answer to O decimal places, e.g. 2,125.) 2019 Depreciation expense$ Compute the depreciation expense under units-of-activity for 2019, assuming machine usage was 1,500 hours. (Round depreciable cost per unit to 2 decimal places, eg. 0.50 and depreciation rate to 0 decimal places, eg. 15%. Round final answer to 2 decimal places, eg. 2,125.25.) 2019 Depreciation expense $ Compute the depreciation expense under declining-balance using double the straight-line rate for 2019 and 2020. (Round answers to O decimal places, es. 2,125) 2019 2020 Depreciation expense $
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