Business, 11.02.2020 20:38 proudmarinemom7186

Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. The estimated production is 40,000 units and the estimated working hours are 20,000. During 2020, Bogues uses the equipment for 525 hours and the equipment produces 1,000 units.
Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31.
a. Straight-line method for 2014 (Round answer to 0 decimal places, e. g. 45,892.)
b. Activity method (units of output) for 2014 (Round rate per unit to 2 decimal places, e. g. 5.35 and final answer to 0 decimal places, e. g. 45,892.)
c. Activity method (working hours) for 2014 (Round rate per hour to 2 decimal places, e. g. 5.35 and final answer to 0 decimal places, e. g. 45,892.)
d. Sum-of-the-years'-digits method for 2016 (Round answer to 0 decimal places, e. g. 45,892.)
e. Double-declining-balance method for 2015 (Round answer to 0 decimal places, e. g. 45,892.)

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Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2020. It is estimated that the...

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