pm Tue year on the build. ing, trucks, and equipment. P9-3A. Depreciation Methods On January...
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pm Tue year on the build. ing, trucks, and equipment. P9-3A. Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part for one of its key products. The machine cost $120,000, and its estimated useful life was four years or 920,000 cuttings, after which it could be sold for $5,000. Required each year's depreciation expense for the period 2018-2021 under each of the following Calculate each year's de depreciation methods: 1. Straight-line. 2. Double-declining balance. Units-of-production. Assume annual production in cuttings of 200.000, 350,000, 260,000; and 110,000. me that the machine was purchased on July 1. 2018. Calculate each year's depreciation ex- e for the period 2018-2022 under each of the following depreciation methods: 1. Straight-line. 2. Double-declining balance. Launting for Plant Assets Ethan Corporation hade ated to servery ick: Year 1 Jan. Purchased for $28 000 z wick with an estimated useful life of four years and wide value of $4,000. Feb. 20 Installed a new set of side RICOSTO $80 cash. June 9 Paid 3325 for an einencup we r and a periodic chassis lubrication 2 Paid a $410 mar the uninsured portion of danges to the truck caused by SOWI driver Dec. Rawarded depreciation of the truck for the year. Aug. Year 2 inte hins in the truck at a cost of $950 cash. This expenditure tha trick
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