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Calculate depreciation expense under methods

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Tamarisk Company purchased equipment for $248,240 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $13,920. Estimated production is 40,400 units and estimated working hours are 20,000. During 2017, Tamarisk uses the equipment for 530 hours and the equipment produces 1,100 units.

Question 1: Calculate depreciation expense under each of the following methods. Tamarisk is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.)

(a) Straight-line method for 2017$

(b) Activity method (units of output) for 2017$

(c) Activity method (working hours) for 2017$

(d) Sum-of-the-years'-digits method for 2019$

(e) Double-declining-balance method for 2018$

Reference no: EM132496338

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