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URGENTLY ANSWER REQUIRED Sunland SpA purchased a new machine for its assembly process on August 1, 2022. The cost of this machine was 156,000. The
URGENTLY ANSWER REQUIRED
Sunland SpA purchased a new machine for its assembly process on August 1, 2022. The cost of this machine was 156,000. The company estimated that the machine would have a residual value of 24,960 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 18,720 hours. Year-end is December 31 . Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, eg. 5.35 for computational purposes. Round your answers to 0 decimal places, eg. 45.892. ) (a) Straight-line depreciation for 2022 (b) Activity method for 2023 , assuming that machine usage was 720 hours (c) Sum-of-the-years'-digits for 2023 (d) Double-declining-balance for 2023 Step by Step Solution
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