Kelm company purchased a new machine on october 1 2012 at a

Reference no: EM13598032

Kelm Company purchased a new machine on October 1, 2012, at a cost of $120,000.The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Instructions

Compute the depreciation expense under the following methods for the year indicated.
Straight-line for 2012.
$

Units-of-activity for 2012, assuming machine usage was 1,700 hours. (Round unit price per hour to 2 decimal places, e.g. 10.50.)
$
Declining-balance using double the straight-line rate for 2012 and 2013.
2012 $
2013 $

Reference no: EM13598032

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