Question: Rottino Company purchased a new machine on October 1, 2015, at a cost of $150,000. The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Compute the depreciation expense under straight-line method for 2015. (Round answer to 0 decimal places, e.g. 2, 125.) Straight-line method $___
Compute the depreciation expense under units-of-activity for 2015, assuming machine usage was 1, 700 hours. (Round per hour value to 2 decimal places, e.g. 21.25 and final answer to 0 decimal places, e.g. 2, 125.) Units-of-activity method $___
Compute the depreciation expense under declining-balance using double the straight-line rate for 2015 and 2016. (Round answers to 0 decimal places, e.g. 2, 125.) Declining-balance method $____ $______