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please help answer the following questions a Sunland Company purchased a new machine on October 1, 2020, at a cost of $125,000. The company estimated
please help answer the following questions
a Sunland Company purchased a new machine on October 1, 2020, at a cost of $125,000. The company estimated that the machine will have a salvage value of $15,500. 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 2020. (Round answer to decimal places, eg. 2.125.) 2020 Depreciation expense $ eTextbook and Media Compute the depreciation expense under units-of-activity for 2020, assuming machine usage was 1,530 hours. (Round depreciation cost per unit to 2 decimal places, es. 0.50 and depreciation rate to decimal places, es, 15%. Round final answer to 2 decimal places, es. 2.125.25) 2020 Depreciation expense $ Compute the depreciation expense under declining-balance using double the straight-line rate for 2020 and 2021. (Round answers to O decimal places, eg. 2,125.) 2020 2021 Depreciation expenses e Textbook and Media Step by Step Solution
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