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During 2014 bogues uses the equipment for 570 hours and the

Question - Muggsy Bogues Company purchased equipment for $244,020 on October 1, 2014. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $16,320. Estimated production is 39,600 units and estimated working hours are 19,400.

During 2014, Bogues uses the equipment for 570 hours and the equipment produces 1,100 units.

Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31.

(a) Straight-line method for 2014

(b) Activity method (units of output) for 2014

(d) Sum-of-the-years'-digits method for 2016

(e) Double-declining-balance method for 2015

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Accounting Basics: During 2014 bogues uses the equipment for 570 hours and the

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