Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 28,000; units produced in 2019, 43,000).

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Business

Davion Matthews

25 February, 00:10

Calculate depreciation for 2018 and 2019 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. 1. Straight line. 2. Sum-of-the-years'-digits. 3. Double-declining balance. 4. One hundred fifty percent declining balance. 5. Units of production (units produced in 2018, 28,000; units produced in 2019, 43,000).

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Samantha Reese · Answer 1

Instructions are listed below

Explanation:

Giving the following information:

A) Annual depreciation = (original cost - salvage value) / estimated life (years)

B) Depreciation expense = (remaining useful life/sum of the years' digits) / depreciable cost

C) Annual depreciation = 2*[ (original cost - residual value) / estimated life (years) ]

E) Annual depreciation = [ (original cost - salvage value) / useful life of production in units]*units produced