A company purchased a machine on January 1 of the current year for $750,000. Calculate the annual depreciation expense for each year of the machine's life (estimated at 5 years or 20,000 hours, with a salvage value of $75,000) using each of the below-mentioned methods. During the machine's 5-year life its hourly usage was: 3,000; 4,000; 5,000; 5,000; and 3,000 hours.? Straight-line Units-of-productionDouble-declining balanceYear 1???Year 2???Year 3???Year 4???Year 5???Totals???
What will be an ideal response?
| ? | Straight-line | Units-of-production | Double-declining balance |
| Year 1 | $135,000 | $101,250 | $300,000 |
| Year 2 | 135,000 | 135,000 | 180,000 |
| Year 3 | 135,000 | 168,750 | 108,000 |
| Year 4 | 135,000 | 168,750 | 64,800 |
| Year 5 | 135,000 | 101,250 | 22,200 |
| Totals | $675,000 | $675,000 | $675,000 |
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