Reference no: EM131603202
Problem - Kingbird Company purchased machinery for $170,100 on January 1, 2017. It is estimated that the machinery will have a useful life of 20 years, salvage value of $14,700, production of 76,400 units, and working hours of 40,300. During 2017, the company uses the machinery for 13,702 hours, and the machinery produces 14,516 units. Compute depreciation under the straight-line, units-of-output, working hours, sum-of-the-years'-digits, and double-declining-balance methods. (Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to 0 decimal places, e.g. 5,125.)
Depreciation
Straight-line$________________
Units-of-output$_____________
Working hours$_______________
Sum-of-the-years'-digits$___________________
Double-declining-balance$_______________________
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