Identify depreciation methods used Moyle Co. acquired a machine on January 1, 2013, at a cost of $800,000. The machine is expected to have a five year useful life, with a salvage value of $50,000. The machine is capable of producing 300,000 units of product in its lifetime. Actual production was as follows: 60,000 units in 2013; 40,000 units in 2014; 80,000 units in 2015; 50,000 units in 2016; and 70,000 units in 2017.
Required:
Identify the depreciation method that would result in each of the following annual credit amount patterns to accumulated depreciation. If a declining balance method is used, indicate the percentage (150% or 200%).
a. Accumulated Depreciation
320,000 ........ 12/31/13
192,000 ........ 12/31/14
115,200 ........ 12/31/15
69,120 ........ 12/31/16
41,472 ........ 12/31/17
b. Accumulated Depreciation
150,000 ........ 12/31/13
100,000 ........ 12/31/14
200,000 ........ 12/31/15
125,000 ........ 12/31/16
175,000 ........ 12/31/17
c. Accumulated Depreciation
150,000 ........ 12/31/13
150,000 ........ 12/31/14
150,000 ........ 12/31/15
150,000 ........ 12/31/16
150,000 ........ 12/31/17
d. Accumulated Depreciation
240,000 ........ 12/31/13
168,000 ........ 12/31/14
117,600 ........ 12/31/15
82,320 ........ 12/31/16
57,624 ........ 12/31/17