Determine the following for Straight-line, 175% Declining Balance, and Activity Based depreciation. T Corporation purchased...
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Determine the following for Straight-line, 175% Declining Balance, and Activity Based depreciation. T Corporation purchased equipment for $300,000. Residual value at the end of the estimated 5 years or 34,375 hours service life is expected to be $25,000. For Straight-line: 1. Book value at the end of year 3 $_ For 175% declining balance: 2. Depreciation expense for year 2 3. Depreciation expense for year 3 $ $ For Activity based: Year Hours used 7,000 6,900 6,975 6,700 4. Depreciation expense for year 3 $ 5. Book value at the end of year 3 $ _ MacBook Pro
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