On January 1, 2021, the Allegheny Corporation purchased equipment for $271,000. The estimated service life of the equipment is 10 years and the estimated residual value is $18,000. The equipment is expected to produce 272,000 units during its life. Required:
Calculate depreciation for 2021 and 2022 using each of the following methods.

1. Sum-of-the-years’-digits (Do not round intermediate calculations. Round final answers to the nearest whole dollar amount.)

Year
Depreciation

Expense

2021
2022
2. One hundred fifty percent declining balance. (Round final answers to the nearest whole dollar amount.)

Year
Depreciation

Expense

2021
2022
3. Assume instead the equipment was purchased on October 1, 2021. Calculate depreciation for 2021 and 2022 using each of the two methods. Partial-year depreciation is calculated based on the number of months the asset is in service. (Do not round intermediate answers and round your answers to the nearest whole dollar amount.)

2021 2022
Sum-of-the-years' digits
One hundred fifty percent declining balance

Answer and Explanation:

The computation is shown below:

1. Under the Sum of year digits method

Sum of years is

= 10 × (10 + 1 ) ÷  2 = 55.

Now

Depreciation for 2021 is

= (Orginal cost - salvage value) × (estimated service life ÷ sum of years)

= ($271,000 - $18,000) × (10 ÷ 55 )

= $46,000.

Depreciation for 2022 is

= (Orginal cost - salvage value) × (estimated service life ÷ sum of years)

= ($271,000 - $18,000 ) × (9 ÷ 55)

= $41,400

2. Under 150% declining balance.

Depreciation rate is

= 150 ÷ 10

= 15%.

Depreciation for 2021 is

= $271,000 × 15%

= $40,650.

Depreciation for 2022 is

= ($271,000 - $40,650) × 15%

= $34,553

3. If Asset acquired as on October 1st 2021, then

Under  Sum of year digits.

Sum of years is

= 10 × (10 + 1) ÷ 2

= 55

Depreciation for 2021 is

= ($271,000 - $18,000 ) × (10 ÷ 55) × (3 ÷ 12)

= $11,500

In 2021 used the  3 ÷ 12 is used i.e 0.25 so,  remaining is

= 10 - 0.25

= 9.75  

Now

Depreciation for 2022 is

= ($271,000 - $18,000) × (9.75 ÷ 55)

= $44,850

Under 150% declining balance

Depreciation rate is

= 150 ÷ 10

= 15%.

Depreciation for 2021 is

= $271,000 × 15 % × (3 ÷ 12)

= $10,163.

Depreciation for 2022 is

= ($271,000 - $10,163) × 15%

= $39,126

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answerblank(1); fixed interval; blank(2) fixed ratio;