Reference no: EM132570321
Nash Company purchased equipment for $256,200 on October 1, 2017. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $14,640. Estimated production is 39,600 units and estimated working hours are 19,900. During 2017, Nash uses the equipment for 530 hours and the equipment produces 1,100 units.
Question 1: Compute depreciation expense under each of the following methods. Nash is on a calendar-year basis ending December 31. (Round rate per hour and rate per unit to 2 decimal places, e.g. 5.35 and final answers to 0 decimal places, e.g. 45,892.)
(a) Straight-line method for 2017$
(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$
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