Business, 27.04.2021 15:50 tatirocks1870
Robert Parish Corporation purchased a new machine for its assembly process on January 1, 2014. The cost of this machine was $315,900. The company estimated that the machine would have a salvage value of $15,900 at the end of its service life. Its life is estimated at 4 years, and its working hours are estimated at 40,000 hours. Year-end is December 31.
Required:
Compute the depreciation expense under the following methods. Each of the following should be considered unrelated.
a. Straight-line depreciation for 2020.
b. Activity method for 2020, assuming that machine usage was 800 hours.
c. Sum-of-the-years’-digits for 2021.
d. Double-declining-balance for 2021.
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