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What would be the effect under the straight-line

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Question - Depreciation Methods - Gruman Company purchased a machine for $220,000 on January 2, 2016. It made the following estimates:

Service life 8 years or 15,000 hours

Production 200,000 units

Residual value $10,000

In 2016, Gruman uses the machine for 1,800 hours and produces 44,000 units. In 2017, Gruman uses the machine for 1,500 hours and produces 35,000 units. If required, round your final answers to the nearest dollar.

Required - If Gruman used a service life of 8 years or 15,000 hours and a residual value of $10,000, what would be the effect on the following under the straight-line, sum-of-the-years'-digits, and double-declining-balance depreciation methods?

Reference no: EM133110089

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