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help fast 30 1 Question: Calculation of depreciation (10 marks)...

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Accounting

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1 Question: Calculation of depreciation (10 marks) 2 3 On January 1, 2020, TeddyBear Company acquired equipment costing $150,000, which will be depreciated on the assumption tha 4 equipment will be useful for five years and have a residual value of $12,000. The estimated output from this equipment is as follo 5 Units 2020 15,000 2021 24,000 2022 30,000 2023 28,000 1 2024 18,000 1 The company is now considering possible methods of depreciation for this asset. a. Calculate the depreciation expense for each year of the asset's life, if the company chooses: i. the straight-line method (2 marks) 6 7 8 9 0 22 23 24 H. The units-of-production method (4 marks) 25 26 27 36 37 . The double-diminishing method (4 marks) 38 39 Sheet1 New... 28 29 30 40 31 32 33 34 35 21 A

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