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Straight Line Method and Double Diminishing Balance Method! Don't understand where i went wrong Current Attempt in Progress On April 22,2020, Crane Enterprises purchased equipment
Straight Line Method and Double Diminishing Balance Method! Don't understand where i went wrong Current Attempt in Progress On April 22,2020, Crane Enterprises purchased equipment for $144,900. The company expects to use the equipment for 11,000 working hours during its 4-year life and that it will have a residual value of $14,000. Crane has a December 31 year end and pro- rates depreciation to the nearest month. The actual machine usage was: 1.500 hours in 2020;2,600 hours in 2021: 3.500 hours in 2022:2.800 hours in 2023; and 800 hours in 2024. Your answer is partially correct. Calculate depreciation expense for the life of the asset under straight-line method. (Round answers to decimal places, eg, 5,276.) Depreciation Expense 2020 $ 24,544 2021 $ 32.725 2022 $ 32.725 2023 $ 32,725 2024 $ $ 8,181 e Textbook and Media e Textbook and Media Your answer is incorrect. Calculate depreciation expense for the life of the asset under double diminishing-balance method. (Round answers to decimal places, eg. 5,276.) Depreciation Expense $ 36,225 2020 2021 54.338 2022 $ 27,169 2023 $ 13,169 e Textbook and Media G C C
Straight Line Method and Double Diminishing Balance Method! Don't understand where i went wrong
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