Quick Producers acquired factory equipment on March 1 of Year 1 costing $39,000 . In view of pending technological developments, it is estimated that the equipment will have an $8,000 resale value upon disposal in four years and that disposal costs will be $500. Data relating to the equipment follow.

Estimated Service Life
Years	4
Service hours	20,000

Calendar Year	Actual Service Hours
Year 1	4,700
Year 2	5,000
Year 3	4,800
Year 4	4,400
Year 5	1,000

Required

Compute depreciation expense each year for the life of the asset assuming (1) units-of-production, (2) straight-line, (3) sum-of-the-years-digits, and (4) double-declining-balance depreciation. Note: Round depreciation expense to the nearest whole dollar

1. Units-of-Production Note: Do not use negative signs with any of your answers.

	Numerator		Denominator		Result
Depreciation per Unit	Answer		Answer	=

Note: Use the result EXACTLY as displayed above in the calculations below.

		Depreciation for the Period
	Reporting	Units of	Depreciation per	Depreciation
	Period	Output	Unit	Expense
	Dec. 31, Year 1	Answer	Answer	Answer
	Dec. 31, Year 2	Answer		Answer
	Dec. 31, Year 3	Answer		Answer
	Dec. 31, Year 4	Answer		Answer
	Dec. 31, Year 5	Answer		Answer

2. Straight-Line

	Reporting	Depreciation
	Period	Expense
	Dec. 31, Year 1	Answer
	Dec. 31, Year 2	Answer
	Dec. 31, Year 3	Answer
	Dec. 31, Year 4	Answer
	Dec. 31, Year 5	Answer

3. Sum-of-the-Years'-Digits

Reporting	Depreciation
Period	Expense
Dec. 31, Year 1	Answer
Dec. 31, Year 2	Answer
Dec. 31, Year 3	Answer
Dec. 31, Year 4	Answer
Dec. 31, Year 5	Answer

4. Double-Declining Balance

Reporting	Depreciation
Period	Expense
Dec. 31, Year 1	Answer
Dec. 31, Year 2	Answer
Dec. 31, Year 3	Answer
Dec. 31, Year 4	Answer
Dec. 31, Year 5	Answer