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At the beginning of 2017, your company buys a $32,400 piece of equipment that it...

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Accounting

At the beginning of 2017, your company buys a $32,400 piece of equipment that it expects to use for 4 years. The equipment has an estimated residual value of 4,000. The company expects to produce a total of 200,000 units. Actual production is as follows: 48,000 units in 2017, 46,000 units in 2018, 50,000 units in 2019, and 56,000 units in 2020. Required:

  1. Determine the depreciable cost.
  2. Calculate the depreciation expense per year under the straight-line method.
  3. Use the straight-line method to prepare a depreciation schedule.
  4. Calculate the depreciation rate per unit under the units-of-production method.
  5. Use the units-of-production method to prepare a depreciation schedule.

Use the straight-line method to prepare a depreciation schedule.
Year Depreciation Expense Accumulated Depreciation Net Book Value
Acquisition Cost
2017
2018
2019
2020

Use the units-of-production method to prepare a depreciation schedule.
Year Depreciation Expense Accumulated Depreciation Net Book Value
Acquisition Cost
2017
2018
2019
2020

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