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The Pablo Paving Company purchased a new bulldozer for $ 250,500 at the beginning of Year 1. It is estimated that the residual value will be 25,000 and have a useful life of 6 years. The Bulldozer is expected to last 10,000 hours. In year 1 it was used 1,800 hours, in year 2 it was used 2000 hours; year 3, 2,500 hours; 1,500 hours in year 4; 1,200 hours in year 5; and 1,000 hours in year 6.

Required:
1) Compute the annual depreciation and carrying value for the new crane for each of the 6 years under each of the following methods:

a) Straight-line,

b) production,

c) double declining- balance.

Round percentage to 2 decimal places (for example, like this: 22.22 %).

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91904993

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