Exercise 11-05 Your answer is partially correct. Try again Robert Parish Corporation purchased a new...
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Exercise 11-05 Your answer is partially correct. Try again Robert Parish Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $117,900. The company estimated that the machine would have a salvage value of $12,900 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 21,000 hours Year-end is December 31 Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to 0 decimal places, e.g. 45,892.) (a) Straight-line depreciation for 2020 21000 (b) Activity method for 2020, assuming that machine usage was 800 hours 4000 (e) Sum-of-the-years-digits for 2021 32083 (d) Double-declining-balance for 2021 39300
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