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How much is the depreciation expens

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Question - On July 1, 2017, Alpha Company acquired a new machine by signing a 5 year note for $72,000. The estimated service life is eight years and the total units of output to be 200,000. The production for the first 3 years were 10,000, 20,000, 30,000. The estimated residual value is $8,000.

  • how much is the 2018 depreciation expense? (Enter only whole dollar values.)
  • the accumulated depreciation after the fiscal year 2018 adjusting entry
  • the carrying value (book value) of the truck after the fiscal year 2018 adjusting entry

2b) Using double-declining balance method, how much is the 2017 depreciation expense?

2c) Using Units-of-Output method, how much is the 2019 depreciation expense?

Reference no: EM132255047

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