Skysung Cunpeny purchased machinery or 163800 on January 1 2

Skysung Cunpeny purchased machinery or $163,800 on January 1, 2017 ll is estimated that the machinery will have a useful life u 20 years, salvage value of $14,700 production of 84,200 units and working hours of 41,100. During 2017, the company uses the machinery for 20,139 hours, and the machinery produces 28,628 units. Compute depreciation under the straight-line, units-of-output, working hours, sum of the years\' digits, and double declining balance methods. (Round intermediate calculations to 5 decimal places, e.g. 1.56487 and final answers to o decimal places, e.g. 5,125.) Depreciation Straight-line Units-of-output Working hours Sum-of-the-years-digits Double-declining-balance

Solution

Answer)

7455

[($163800-$14700)×1/20]

50694

[($163800-$14700)×28628 units/84200 units]

73059

[$(163800-14700)×20139 hours/41100 hours]

14200*

[Depreciable value×remaining life/sum of years]

14910

[$(163800-14700)×1/20×200%]

*($163800-$14700)×1/20years×200%=$14910

	Depreciation ($)
Straight line method	7455 [($163800-$14700)×1/20]
Units of output	50694 [($163800-$14700)×28628 units/84200 units]
Working hours	73059 [$(163800-14700)×20139 hours/41100 hours]
Sum of years digits	14200* [Depreciable value×remaining life/sum of years]
Double declining method	14910 [$(163800-14700)×1/20×200%]