Consider the following:
a.Regent Corp. bought a machine costing $22,400 on January 1, 2014. A six-year life was estimated, and a $1,400 residual value was expected. The sum-of-the-years'-digits depreciation method was used.
Compute depreciation expense for 2018.
b.The company bought a machine costing $50,000 on January 1, 2014 A six-year life was expected, and residual value was estimated to be $8,000. The 150%-declining-balance depreciation method was used.
Compute depreciation expense for 2015.

Question

Consider the following:
a.Regent Corp. bought a machine costing $22,400 on January 1, 2014. A six-year life was estimated, and a $1,400 residual value was expected. The sum-of-the-years'-digits depreciation method was used.
Compute depreciation expense for 2018.
b.The company bought a machine costing $50,000 on January 1, 2014 A six-year life was expected, and residual value was estimated to be $8,000. The 150%-declining-balance depreciation method was used. 
Compute depreciation expense for 2015.

Quizplus · Accepted Answer

The Answer of Consider the following:
a.Regent Corp. bought a machine costing $22,400 on January 1, 2014. A six-year life was estimated, and a $1,400 residual value was expected. The sum-of-the-years'-digits depreciation method was used.
Compute depreciation expense for 2018.
b.The company bought a machine costing $50,000 on January 1, 2014 A six-year life was expected, and residual value was estimated to be $8,000. The 150%-declining-balance depreciation method was used. 
Compute depreciation expense for 2015.

Consider the Following: A.Regent Corp. Bought a Machine Costing $22,400 on January 1