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Question 6 of 20 - / 10 View Policies Current Attempt in Progress Cheyenne Automotive purchased equipment on October 1, 2021, at a total cost
Question 6 of 20 - / 10 View Policies Current Attempt in Progress Cheyenne Automotive purchased equipment on October 1, 2021, at a total cost of $155,000. The machine has an estimated useful life of 8 years or 100,000 hours, and an estimated residual value of $13,000. During 2021 and 2022. the machinery was used 4,900 and 13,300 hours, respectively. Compute depreciation expense at December 31, 2021 and December 31, 2022, under the following depreciation methods 2021 2022 Straight-line depreciation $ $ Units-of-production depreciation $ Double diminishing balance depreciation $ $ Some for Later Attempts: 0 of 1 used Submit An O i 14 L
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