Homework Answers
a) Depreciation expense : Straight line
| 2018 | 2019 | |
| Depreciation expense | (30500-9500/5) = 4200 | 4200 |
b) Depreciation expense : Unit of production
| 2018 | 2019 | |
| Depreciation expense | 1150*2.1 = 2415 | 1600*2.1 = 3360 |
c) Depreciation expense : Double decline balance = 100/5*2 = 40%
| 2018 | 2019 | 2020 | 2021 | 2022 | |
| Depreciation expense | 30500*40% = 12200 | 30500*60%*40% = 7320 | (30500-12200-7320-9500) = 1480 | 0 | 0 |
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