Determine the depreciation expense

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Reference no: EM133060102

Problem - The equipment of DEF Company has the following data:

Cost 1,100,000

Salvage value 100,000

Useful life 4 years 20,000 units 10,000 hours

Date acquired 01/01/x1

Required - Determine the depreciation expense in 20x1 under the following methods:

1. Sum-of-the-years' digits method.

2. Double declining balance method.

3. Units of input method (DEF used 3,000 working hours for the product it manufactured for the year 20x1).

4. Units of output method (DEF used 2,000 units of the product for the year 20x1).

Reference no: EM133060102

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