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Green Vegetable Mfg. Co. purchased equipment on January 1,2016, at a cost of $800,000. The...

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Accounting

Green Vegetable Mfg. Co. purchased equipment on January 1,2016, at a cost of $800,000. The equipment is expected to have a service life of ten years, or 40,000 hours, and a residual value of $70,000. During 2016, the equipment was operated for 5,000 hours, and during 2017, it was operated for 7,000 hours.
Required:
Fill in the blanks below with the depreciation expense (to the nearest whole dollar) for this machine in 2016 and 2017 under each of the following depreciation methods.
20162017
a. Straight-line method ________________
b. Activity method (hours)__________________
c. Double declining balance method ____________________
d. Sum-of-the-years-digits method _____________________

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