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Calculate depreciation expense of the equipment

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Question - Super Saver Groceries purchased store equipment for $37,000. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $4,000. During the 10-year period, the company expects to use the equipment for a total of 11,000 hours. Super Saver used the equipment for 1,800 hours the first year.

Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods.

Depreciation expense for Straight line Method:

Depreciation expense for Double-Declining Balance:

Depreciation expense for Activity-based:

Reference no: EM131913524

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