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Robert Parish Corporation purchased a new machine for its assembly process on August 1, 2014. The cost of this machine was $130,869. The company estimated
Robert Parish Corporation purchased a new machine for its assembly process on August 1, 2014. The cost of this machine was $130,869. The company estimated that the machine would have a salvage value of $14,319 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 20,200 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to O decimal places, e.g. 45,892.) Straight-line depreciation for 2014 Activity method for 2014, assuming that machine usage was 860 hours Sum-of-the-years'-digits for 2015 Double-declining-balance for 2015 Click if you would like to Show Work for this question: Open Show Work
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