Business, 06.12.2019 05:31 rosefoley18

On january 1, 2021, canseco plumbing fixtures purchased equipment for $44,000. residual value at the end of an estimated four-year service life is expected to be $8,000. the company expects the equipment to operate for 20,000 hours. the equipment operated for 2,900 and 3,700 hours in 2021 and 2022, respectively. required:

a. calculate depreciation expense for 2021 and 2022 using straight line method.
b. calculate depreciation expense for 2021 and 2022 using double-declining balance method.
c. calculate depreciation expense for 2021 and 2022 using units-of-production using hours operated.

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On january 1, 2021, canseco plumbing fixtures purchased equipment for $44,000. residual value at the...

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