Business, 22.11.2020 07:00 rbrummitt6922

On January 1, 2014, Evers Company purchased the following machine for use in its production process: Machine: The recorded cost of this machine was $180,000. Evers estimates that the useful life of the machine is 4 years with a $10,000 salvage value remaining at the end of that time period.

a) Calculate the amount of depreciation expense that Evers should record each year of its useful life under the following assumptions. Show your workings.
(1) Straight-line method
(2) Double declining balance method
(3) Units-of-activity method and estimates that the useful life of machine is 125,000 units. Actual usage is as follows: 2014, 45,000 units; 2015, 35,000 units; 2016, 25,000 units; 2017, 20,000 units.
b) Which method used to calculate depreciation reports the highest amount of depreciation expense in year 1? The highest in year 4? The highest total amount over the 4-year period?

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On January 1, 2014, Evers Company purchased the following machine for use in its production process:...

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