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Prepare depreciation schedules for units-of-activity methods

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Question - DuPage Company purchases a factory machine at a cost of $18,000 on January 1, 2010. DuPage expects the machine to have a salvage value of $2,000 at the end of its 4-year useful life. During its useful life, the machine is expected to be used 160,000 hours. Actual annual hourly use was: 2010, 40,000; 2011, 60,000; 2012, 35,000; and 2013, 25, 000.

Instructions - Prepare depreciation schedules for the following methods:

(a) Straight-line,

(b) units-of-activity

(c) declining-balance using double the straight-line rate.

Reference no: EM132579062

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