Current Attempt in Progress
Waterway Company purchased equipment for $ on October It is estimated that the
equipment will have a useful life of years and a salvage value of $ Estimated production
is units and estimated working hours are During Waterway uses the equipment
for hours and the equipment produces units.
Compute depreciation expense under each of the following methods. Waterway is on a calendaryear basis
ending December Round rate per hour and rate per unit to decimal places, eg and final answers to
decimal places, eg
a Straightline method for
$
b Activity method units of output for
$
c Activity method working hours for
$
d Sumoftheyears'digits method for
$
e Doubledecliningbalance method for
