Fields of Green,a Turf Farm,purchased Equipment at the Beginning of Year

Fields of Green,a turf farm,purchased equipment at the beginning of Year 1 for $175,000.In addition,the company paid $6,000 for delivery of the equipment and $4,000 for set up charges.The equipment has an estimated residual value of $5,000 and an estimated life of 10 years or 50,000 hours of operation.The equipment was operated for 5,200 hours in Year 1 and 5,000 hours in Year 2.
A) Compute the depreciation expense for Year l using the straight-line method; the units-of-production method; and the double-declining-balance method.

B) Compute the book value of the equipment on December 31, Year 2, assuring the use of the straight-line method; the units-of-production method; and the double-declining-balance method.

C) Which method of depreciation produces the greatest total anount of depreciation?

D) Which method of depreciation is considered accelerated?

E) What are the advantages of using an accelerated depreciation method as compared to the straight-line method?