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Category > Accounting Posted 11 Jul 2017 My Price 11.00

Comparing three depreciation methods

PR 9-2b Comparing three depreciation methods

Way lander Coatings Company purchased waterproofing equipment on January 6, 2015, for $320,000. The equipment was expected to have a useful life of four years, or 20,000 operating hours, and a residual value of $35,000. The  equipment  was  used  for 7,200 hours during 2015, 6,400 hours in 2016, 4,400 hours in 2017, and 2,000 hours in 2018.

Instructions

1.    Determine the amount of depreciation expense for the years ended December 31, 2015, 2016, 2017, and 2018, by (a) the straight-line method, (b) the units-of-output method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts:

Depreciation Expense

Year

Straight- line Method

Units-of- Output Method

Double-Declining- Balance Method

 

2.     What method yields the highest depreciation expense for 2015?

3.     What method yields the most depreciation over the four-year life of the equipment?

Answers

Maurice Tutor
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Status NEW Posted 11 Jul 2017 11:07 PM My Price 11.00

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