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Rottino Company purchased a new machine on October 1, 2014, at a cost of $150,000. The company estimated that the machine will have a salvage
Rottino Company purchased a new machine on October 1, 2014, at a cost of $150,000. The company estimated that the machine will have a salvage value of $12,000. 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 2014. (Round answer to 0 decimal places, e.g. 2, 125.) 2014 straight-line method $ _______________ Compute the depreciation expense under units-of-activity for 2014, assuming machine usage was 1, 700 hours. (Round answer to o decimal places, e.g. 2, 125.) 2014 Units of activity method $ _____________ Compute the depreciation expense under declining-balance using double the straight-line rate for 2014 and 2015. (Round answers to 0 decimal places, e.g. 2, 125.) 2014 2015 Declining-balance method $_______________
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