Reference no: EM132785776
Here is the equipment information of Production Inc:
Purchase on January 1 X5 100,000$
Estimated useful life 5 years
Estimated residual value 10,000$
Total hours of intended use 10,000 hours
Number of hours of use in X5 3000 hours
Number of hours of use in X6 2,500 hours
declining depreciation rate 35%
Problem 1: If the Production company used the straight-line depreciation method for its equipment, the depreciation expense for year X6 would be:
Problem 2: How would be the depeciation expense for year X6?
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