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Problem 1 Cost $ 150,000 Estimated Useful life(years) Estimated Units 200,000 Salvage Value 25,000 Show the Journasl entries for Years 1 - 5 to book

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Problem 1 Cost $ 150,000 Estimated Useful life(years) Estimated Units 200,000 Salvage Value 25,000 Show the Journasl entries for Years 1 - 5 to book depreciation for the following methods: 1. Straight line Method 2. Double Declining Balance 3. Units of of Production (Assume units are y1= 70,000, Y2,50,000, Y3 30,000, y4 25,000, Y5 25000). 4. Sum of years digits

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