11-15 Consider a $6500 piece of machinery, with a 5-year depreciable life and an estimated...
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11-15 Consider a $6500 piece of machinery, with a 5-year depreciable life and an estimated $1200 salvage value. The projected utilization of the machinery when it was purchased, and its actual production to date, are as follows: Year Projected Production (tons) Actual Production (tons) 2 3 3500 4000 4500 5000 5500 3000 5000 [Not yet known] Compute the depreciation schedule using: (a) Straight line (b) Sum-of-years'-digits (c) Double declining balance (d) Unit of production (for first 2 ycars only) (e) Modified accelerated cost recovery system
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