Coronado Furnace Corp. purchased machinery for $313,800 on May 1, 2022....
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Coronado Furnace Corp. purchased machinery for $313,800 on May 1, 2022. It is estimated that it will have a useful life of 10 years, residual value of $16,800, production of 237,600 units, and working hours of 25,000 . During 2023 , Coronado Corp. uses the machinery for 2,650 hours, and the machinery produces 28,560 units. From the information given, compute the depreciation charge for 2023 under each of the following methods. (Round answers to 0 decimal places, e.3. 45,892.) (a) Straight-line $ (b) Units-of-output $ (c) Working hours $ (d) Sum-of-the-years'-digits $ (e) Double-declining-balance $
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