Question
Skysong Company purchased machinery for $176,400 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage
Skysong Company purchased machinery for $176,400 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 80,800 units, and working hours of 37,800. During 2017, the company uses the machinery for 13,230 hours, and the machinery produces 16,160 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years-digits, and double-declining-balance methods.(Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to 0 decimal places, e.g. 5,125.)
Depreciation
Straight-line $
Units-of-output $
Working hours $
Sum-of-the-years-digits $
Double-declining-balance $
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