E114 Jon Seceda Furnace Corp, purchased machinery for $315,000 on May 1,2007.
E114, Depreciation Computations  Five methods, File 11e4
Depreciation Computation  Five Methods
E114 Jon Seceda Furnace Corp, purchased machinery for $315,000 on May 1,2007. It is estimated that it will have a useful life of 10 years, salvage value of $15,000, Production of 240,000 units, and working hours of 25,000. During 2008 Seceda Corp uses the machinery for 2,650 hours, and the machinery produces 25,500 units.
Instructions; From the Information given compute the depreciation charge for 2008 under each of the following methods. (Round off to nearest dollar ).
1. Straight  Line
2. Units of Output
3. Working Hours
4. Sum of the  years digits
5. Declining balance ( use 20% as the annual rate).
Use financial calculator for calculations
