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Rottino Company purchased a new machine on October 1, 2017, at a cost of $116, 000. The company estimated that the machine will have a
Rottino Company purchased a new machine on October 1, 2017, at a cost of $116, 000. The company estimated that the machine will have a salvage value of $10, 200. The machine is expected to be used for 11, 200 working hours during its 5-year life. Compute the depreciation expense under straight-line method for 2017. (Round answer to O decimal places, e.g. 2, 125.) Compute the depreciation expense under units-of-activity for 2017, assuming machine usage was 1, 500 hours. (Round answer to 0 decimal places, e.g. 2, 125.) Compute the depreciation expense under declining-balance using double the straight-line rate for 2017 and 2018. (Round answers to 0 decimal places, e.g. 2, 125.)
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