Depreciation Methods Winsey Company purchased equipment on January 2, 2016, for $700,000. The equipment has the...

Depreciation Methods

Winsey Company purchased equipment on January 2, 2016, for $700,000. The equipment has the following characteristics:

Estimated service life	16 years, 80,000 hours, or 750,000 units of output
Estimated residual value	$50,000

During 2016 and 2017, the company used the machine for 4,500 and 5,500 hours, respectively, and produced 40,000 and 60,000 units, respectively.

	2016	2017
Straight-line method	$	$
Activity method (hours worked)	$	$
Activity method (units of output)	$	$
Sum-of-the-years'-digits method	$	$
Double-declining-balance method	$	$
150%-declining-balance method	$	$

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ekkarill92 answered 1 year ago

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