(Answered) Question - kelm company purchased a new machine on october

Accounting

Question - Kelm Company purchased a new machine on October 1, 2010, at a cost of $113,700. The company estimated that the machine will have a salvage value of $13,400. The machine is expected to be used for 11,700 working hours during its 5-year life.

Instructions - Compute the depreciation expense under the following methods for the year indicated.

Straight-line for 2010.

Units-of-activity for 2010, assuming machine usage was 1,900 hours.

Declining-balance using double the straight-line rate for 2010 and 2011.

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