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Compute the annual depreciation and the first three (3) years under each S DEPRECIATION AND...

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Accounting

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Compute the annual depreciation and the first three (3) years under each S DEPRECIATION AND DISPOSAL, OF FIXED ASSETS Comparison of Depreciation Methods a) Straight-line method (3 points) Niles Construction Co, purchased a new crane for $350,000 at the beginning of 2017 The crane has an estimated residual value of $42,000 and an estimated useful life of eight (8) years. The crane is expected to last 100,000 hours. It was used for 15,000 hours in year 1, 18,000 hours in year 2 and 25,000 hours in year 3. Salvase 350o00 2000 Compute the annual depreciation and carrying value for the sev crase for the first three (3) years under each of the following methods a) Straight-line nethod (3 points) 350o0042000 B 38500

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