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Carleton Corporation purchased machinery on October 1, 2013, at a total cost of $98,000. Estimated ...

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Carleton Corporation purchased machinery on October 1, 2013, at a total cost of $98,000. Estimated ...

Carleton Corporation purchased machinery on October 1, 2013, at a total cost of $98,000. Estimated residual value is $8,000, estimated life of the machinery is 6 years or 50,000 hours. During 2013 and 2014, the machinery was used 1,400 and 8,760 hours, respectively.

Compute depreciation under straight-line, units-of-production, and double-declining-balance methods for 2013 and 2014.

   2013   2014
Straight-line depreciation   ________   ________
Units-of-production depreciation   ________   ________
Double-declining-balance
depreciation   ________   ________

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Financial Accounting, Canadian Edition

Edition: 5^th

Authors: Harrison, Horngren, Thomas, Berberich, Seguin

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