Homework Answers
Answer:-
Depreciation using Straight Line Method :-
Cost of Machine-Residual Value/Useful life
=(100000-5000)/5
=$19000/yr.i.e., $19,000 for year 1 and $19,000 for year 2
Depreciation using Units of production method:-
Cost of Machine-Residual value/Estimated units of production
(100000-5000)/100000
=0.95/unit
So,Depreciation for year 1=0.95*20000=$19,000
Depreciation for year 2=0.95*20500=$19,475
Depreciation using declining balance method:-
Depreciation for year 1=(Cost of Machine- Residual value)/Useful life
=(100000-5000)/5
=$19,000
Depreciation for year 2=Balance of machine/Useful life
=(95000-19000)/5
=$15,200
Depreciation using MACRS:-
Depreciation for Year 1:-$38,333.33
Depreciation for Year 2:-$24,666.67
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