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Question 5: Forty-Niner Co purchased a computer for $325,000 on January 2, 2017. The company expects...

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Question 5: Forty-Niner Co purchased a computer for$325,000 on January 2, 2017. The company expects the computer tolast for 8 years or 15,000 hours of operation, with an estimatedresidual value of $25,000. During 2017 the computer was operatedfor 2,000 hours, while in 2018 it was operated for 2,600 hours .Required: Calculate the depreciation expense for the computer for2017 and 2018 using the following depreciation methods: a)Straight-line. b) Declining-balance at twice the straight-linerate. c) Units-of-production.

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Ans a Straight line depreciation Cost of asset Residual value Useful life in years 325000 25000 8 300000 8 37500 In Straight line method the depreciation is equal in each year Year    See Answer
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