ACCOUNTING-Cost of machine purchased by Boris Becker

QUESTION

Cost of machine purchased by Boris Becker, Inc., on June 1, 2011 is $32,000. It is estimated that themachine will have a $2,000 salvage value at the end of its service life. Its service life is estimated at 5years; its total working hours are estimated at 19,900 and its total production is estimated at $60,000units. Boris financial year end is December 31. The machine was operated as follows:Year hours Units produced2011 5,700 10,0002012 5,000 12,0002013 4,800 14,0002014 4,400 13,0002015 4,000 11,000Compute depreciation expense on the machine over its service life using the following methods:i. Straight-lineii. Double –declining balance methodiii. Units-of-outputiv. Sum-of-the-years’ digits

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