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Calculate depreciation expense and book values for each year

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Reference no: EM132918613

On January 3, 2020, Xenex Innovations purchased computer equipment for $135,250. The equipment will be used in research and development activities for five years or a total of 9,300 hours and then sold for about $19,000.

Assume actual usage in hours of:

2020 1,600

2021 1,830

2022 2,900

2023 3,030

2024  3,200

Required:

Problem 1: Calculate depreciation expense and book values for each year of the equipment's life for each method of depreciation. Xenex's year-end is December 31.

Reference no: EM132918613

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