On January 1, 2009, Elicir Technologies purchased lawn mowers for $60,000. The lawn mowers have an estimated life of 8 years or 40,000 hours and an estimated residual value of $4,000. Elicir Technologies must choose the depreciation method that appropriately allocates depreciation over the lawn mowers' useful life and would like the following items calculated.
1) Depreciation expense for 2009 and 2010 using the units-of-production depreciation method. The lawn mowers were operated for 4,000 hours in 2009 and 6,000 hours in 2010.
2) Straight-line depreciation for 2009 and 2010.
3) Accumulated depreciation at December 31, 2010 using the straight-line method
4) Accumulated depreciation at December 31, 2010 using the units-of-production method.
5) Book value of the lawn mowers using the straight-line depreciation method and the book value using the units-of-production method of depreciation as of December 31, 2010.

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The Answer of On January 1, 2009, Elicir Technologies purchased lawn mowers for $60,000. The lawn mowers have an estimated life of 8 years or 40,000 hours and an estimated residual value of $4,000. Elicir Technologies must choose the depreciation method that appropriately allocates depreciation over the lawn mowers' useful life and would like the following items calculated.
1) Depreciation expense for 2009 and 2010 using the units-of-production depreciation method. The lawn mowers were operated for 4,000 hours in 2009 and 6,000 hours in 2010.
2) Straight-line depreciation for 2009 and 2010.
3) Accumulated depreciation at December 31, 2010 using the straight-line method
4) Accumulated depreciation at December 31, 2010 using the units-of-production method.
5) Book value of the lawn mowers using the straight-line depreciation method and the book value using the units-of-production method of depreciation as of December 31, 2010.

On January 1, 2009, Elicir Technologies Purchased Lawn Mowers for $60,000