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How do compute the depreciation expense

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January 1, 2020, ABC Corporation purchased equipment for $90,000. The machine has a five-year estimated useful life and an $10,000 estimated salvage value. In addition, the company expects to use the machine 100,000 hours. Assume that the machine was used 16,000 hours during 2020 and 22,000 hours in 2021.

Question 1 : How do Compute the depreciation expense 2020 and 2021 using Straight line, production and double-declining balance.

Reference no: EM132529449

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