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Calculate depreciation expense using units of production

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On March 2021 Canseco Plumbing purchased equipment for $32000 residual value at the end of an estimated 4 year service life is expected to be $8000 The company expect the equipment to operate for 20,000 hours. The equipment operated for 2300 and 3100 hours in 2021, and 2022, respectively

Problem 1: Calculate depreciation expense for 2021 and 2022 using straight line method.

Problem 2: Calculate depreciation expense for 2021 and 2022 using double declining balance methods

Problem 3: Calculate depreciation expense for 2021 and 2022 using units of production using hours operated

Reference no: EM132744797

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