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Swifty Corporation purchased a new machine for its assembly process on August 1 , 2 0 2 0 . The cost of this machine was
Swifty Corporation purchased a new machine for its assembly process on August The cost of this machine was $ The company estimated that the machine would have a salvage value of $ at the end of its service life. Its life is estimated at years, and its working hours are estimated at hours. Yearend is December
Compute the depreciation expense under the following method Each of the following should be considered unrelated Round depreciation rate per hour to decimal places, eg for computational purposes. Round your answers to decimal places, eg
a Straightline depreciation for
b Activity method for assuming that machine usage was hours $
c Sumoftheyears'digits for
d Doubledecliningbalance for
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