(Answered) Estimating depreciation expense and book valueequipment

Accounting

Estimating Depreciation Expense and Book Value

Equipment costing $29,000, with a scrap value of $5,000 was purchased on January 1, by Global Communications, Inc. The estimated useful life of the equipment was 4 years and it was expected to generate 80,000 finished units of production.

Units actually produced were 14,000 in Year 1 and 20,000 in Year 2.

Required

Compute the following.

Straight-line
Double-declining-balance
Units-of-production

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