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Perfect Weld buys a specialty table saw for its metal fabrication business on January 1, 2016.The machine cost $240,000 and is expected to be used
Perfect Weld buys a specialty table saw for its metal fabrication business on January 1, 2016.The machine cost $240,000 and is expected to be used for five years, or 10,000 hours of operation.At the end of the five years it is expected that the machine can be sold for $16,000. The machine was used 2,300 hours in 2016, 2,100 hours in 2017, and 2,200 hours in 2018.
Compute the depreciation expense forthe third year (2018)using:
(1) Straight-line method;
(2) Double-declining-balance depreciation method;
(3) Units of production method.
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