Randy Automotive purchased equipment on October 1, 2021, at a total cost of $ 150,000. The machine has an estimated useful life of 8 years or 100,000 hours, and an estimated residual value of $ 10,000. During 2021 and 2022, the machinery was used 4,400 and 12,800 hours, respectively.
Instructions
Compute depreciation expense at December 31, 2021 and December 31, 2022, under the following depreciation methods:

Question

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The Answer of Randy Automotive purchased equipment on October 1, 2021, at a total cost of $ 150,000. The machine has an estimated useful life of 8 years or 100,000 hours, and an estimated residual value of $ 10,000. During 2021 and 2022, the machinery was used 4,400 and 12,800 hours, respectively.
Instructions
Compute depreciation expense at December 31, 2021 and December 31, 2022, under the following depreciation methods:

Randy Automotive Purchased Equipment on October 1, 2021, at a Total