A company acquired equipment on April 1, 2010 for $160,000

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January 10th, 2018

1.A company acquired equipment on April 1, 2010 for $160,000. The company estimates the useful life for the equipment is 400,000 units and the estimated salvage valueis $60,000. If the company uses the units-of-activity method of depreciation, calculate the depreciation expense for 2010 if 8,000 units are produced.2. A company purchased factory equipment for $150,000. It is estimated that the equipment will have a $30,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, calculate the amount of annual depreciation recorded for the third year after purchase

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