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MachineB:The recorded cost of this machine was $180,000. Swifty estimates that the useful life of the machine is4years with a $10,200salvage value...
Machine B:The recorded cost of this machine was $180,000. Swifty estimates that the useful life of the machine is 4 years with a $10,200 salvage value remaining at the end of that time period.
Calculate the amount of depreciation expense that Swifty should record for Machine B each year of its useful life under the following assumptions. (Round depreciation cost per unit to 2 decimal places, e.g. 12.25. Round final answers to 0 decimal places, e.g. 2,125.)
(1)Swifty uses the straight-line method of depreciation.(2)Swifty uses the declining-balance method. The rate used is twice the straight-line rate.(3)Swifty uses the units-of-activity method and estimates that the useful life of the machine is 141,500 units. Actual usage is as follows: 2020, 50,000 units; 2021, 40,150 units; 2022, 30,300 units; 2023, 21,050 units.
Depreciation Expense
2020
2021
2022
2023
Straight-line method
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Declining-balance method
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Units-of-activity method
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