Question
Wildhorse Ltd. purchased bottling line equipment on January 1, 2024, for $509,800. It is expected to have a useful life of four ears and a
Wildhorse Ltd. purchased bottling line equipment on January 1, 2024, for $509,800. It is expected to have a useful life of four ears and a residual value of $42,000. The machine is expected to handle a total of 2,339,000 bottles during its life, distributed as follows: 655,000 in 2024, 670,000 in 2025, 550 900 in 2026, and 464,000 in 2027. The company has a December 31 year end. Calculate the amount of depreciation to be charged each year, using each of the following methods: 1. Straight-line Straight-line method depreciation $ per year it. Units-of-production (Round depreciation per unit to 3 decimal places, e.g. 15.257 and depreciation expense to O decimal places, eg. 125.) Units-of-production method depreciation $ iii) double diminishing balance
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