On January 1, Yoder Company purchased for $200,000 a new machine that has an estimated useful life of four years (or 660,000 cutting operations), after which the expected salvage value is $20,000.
Under each of the following depreciation methods, calculate the depreciation expense for the year.
a. Straight-line depreciation
b. Double-declining balance depreciation
c. Units-of-production depreciation, if 99,000 cutting operations were made in the year

Question

On January 1, Yoder Company purchased for $200,000 a new machine that has an estimated useful life of four years (or 660,000 cutting operations), after which the expected salvage value is $20,000. 
Under each of the following depreciation methods, calculate the depreciation expense for the year.
a. Straight-line depreciation
b. Double-declining balance depreciation
c. Units-of-production depreciation, if 99,000 cutting operations were made in the year

Quizplus · Accepted Answer

The Answer of On January 1, Yoder Company purchased for $200,000 a new machine that has an estimated useful life of four years (or 660,000 cutting operations), after which the expected salvage value is $20,000. 
Under each of the following depreciation methods, calculate the depreciation expense for the year.
a. Straight-line depreciation
b. Double-declining balance depreciation
c. Units-of-production depreciation, if 99,000 cutting operations were made in the year

On January 1, Yoder Company Purchased for $200,000 a New