Calculate the amount of depreciation to report during the

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Calculate the amount of depreciation to report during the year ended December 31, 2013, for equipment that was purchased at a cost of $55,000 on October 1, 2013. The equipment has an estimated residual value of $5,000 and an estimated useful life of five years or 20,000 hours. Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses: (a) straight-line, (b) double-declining-balance, or (c) units-of-production depreciation.

  1. straight-line is?
  2. double-declining-balance is?
  3. units of production is?

Reference no: EM13594543

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