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QUESTION
E11-4 (LO1,2) EXCEL (Depreciation ComputationsFive Methods) Jon Seceda Furnace Corp. purchased machinery for $315,000 on May 1, 2017.
E11-4 (LO1,2)EXCEL (Depreciation Computations—Five Methods)
Instructions
From the information given, compute the depreciation charge for 2018 under each of the following methods. (Round to the nearest dollar.)
- Straight-line.
- Units-of-output.
- Working hours.
- Sum-of-the-years'-digits.
- Declining-balance (use 20% as the annual rate).
