Question
The recorded costs of this machine was 180,000. Evers estimates that the useful life of the machine is 4 years with a $9,900. 1) Evers
The recorded costs of this machine was 180,000. Evers estimates that the useful life of the machine is 4 years with a $9,900.
1) Evers uses straight-line method of depreciation.
2) Evers uses declining balance method. The rate used is twice the straight line rate.
3)Evers uses the units of activity method and estimates that the useful life of the machine is 129,750 units. Actual usage follows : 2017, 49,000 units; 2018, 37,000 units; 2019, 25,000 units; 2020, 18,750 units.
Depreciation Expense
2017 2018 2019 2020
Straight line method
Declining balance method
Units of activity balance
Please help me with each method for all 4 years.
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