Estimated that the equipment will have a useful life

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Muggsy Bogues Company purchased equipment for $301,040 on October 1, 2014. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $18,240. Estimated production is 40,400 units and estimated working hours are 20,500. During 2014, Bogues uses the equipment for 550 hours and the equipment produces 1,000 units.

What is.... "round to 0 decimal places"

-Straight line method for 2014

-Double declining method for 2015

-Sum of the years digits method for 2016

Reference no: EM13747758

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