Homework Answers
1) Straight line = (105000-10800)/5 = 18840 per year
2) Double decline balance:
Rate = 100/5*2 = 40%
| Year | Depreciation expense |
| 2021 | 105000*40% = 42000 |
| 2022 | 105000*60%*40% = 25200 |
| 2023 | 15120 |
| 2024 | 9072 |
| 2025 | 2808 |
| Total | 94200 |
3) Unit of production
Dep per unit = (105000-10800)/314000 = 0.30
| Year | Miles | Depreciation expense |
| 2021 | 36000 | 10800 |
| 2022 | 52000 | 15600 |
| 2023 | 34000 | 10200 |
| 2024 | 44000 | 13200 |
| 2025 | 32000 | 9600 |
| Total | 59400 |
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