Depreciation, Impairments, and Depletion

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E11-5 (Depreciation Computations – Four Methods) Maserati SpA purchase a new machine for its assemble process on August 1, 2019. The cost of this machine was $150,000. The cost of this machine would have a residual value of $24,000 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 21,000 hours. Year end is December 31.

Instructions

Compute the depreciation expense under the following methods. Each of the following should be considered unrelated.

Straight line depreciation for 2019Activity method for 2020, assuming that machine usage was 800 hours.Sum-of the -years-digits for 2020Double-declining balance for 2020

Sample Solution
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