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please do it asap thank you Sunland Ltd. purchased a new machine on April 4, 2017 at a cost of $ 160,000. The company estimated
please do it asap thank you
Sunland Ltd. purchased a new machine on April 4, 2017 at a cost of $ 160,000. The company estimated that the machine would have a residual value of $ 14,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,600 hours in 2017: 2,100 hours in 2018: 2,600 hours in 2019: 1,900 hours in 2020, and 1,800 hours in 2021. Sunland has a December 31 year end. (a) Calculate depreciation for the machine under each of the following methods: (Round expense per unit to 2 decimal places, eg, 275 and final answers to decimal places, es 5,275.) (1) Straight line for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense $ 2021 expense $ (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense $ 2021 expense $ (3) Units-of-production for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense $ 2021 expense Step by Step Solution
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