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Business, 18.12.2019 23:31 pgjohnston001

On january 1, 2018, the allegheny corporation purchased machinery for $150,000. the estimated service life of the machinery is 10 years and the estimated residual value is $7,000. the machine is expected to produce 300,000 units during its life. required: calculate depreciation for 2018 and 2019 using each of the following methods.
1. straight line.
2. sum-of-the-years'-digits.
3. double-declining balance.
4. one hundred fifty percent declining balance.
5. units of production (units produced in 2018, 43,000; units produced in 2019, 38,000).

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On january 1, 2018, the allegheny corporation purchased machinery for $150,000. the estimated servic...
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