Question text
ComputingDepreciation Expense.
Equipment costing $580,000, with an expected scrap value of $60,000and an estimated useful life of 5 years, was purchased on January1, 2012.
Calculate thedepreciation expense for years 2012 to 2016 using: (a) thestraight-line method and (b) the double-declining-balancemethod.
Round to the nearestwhole number.
| 2012 | 2013 | 2014 | 2015 | 2016 |
|---|
| Straight-linedepreciation | $Answer
| $Answer
| $Answer
| $Answer
| $Answer
|
| Double-declining balance |
| (a) withoutstraight-line switch-over | $Answer
| $Answer
| $Answer
| $Answer
| $Answer
|
| (b) withstraight-line switch-over | $Answer
| $Answer
| $Answer
| $Answer
| $Answer |
