E11-4 (Depreciation Computations?Five Methods) Jon Seceda Furnace Corp. purchased machinery;for $315,000 on May 1, 2007. It is estimated that it will have a useful life of 10 years, salvage value of;$15,000, production of 240,000 units, and working hours of 25,000. During 2008 Seceda Corp. uses the machinery;for 2,650 hours, and the machinery produces 25,500 units.;Instructions;From the information given, compute the depreciation charge for 2008 under each of the following;methods. (Round to the nearest dollar.);(a) Straight-line.;(b) Units-of-output.;(c) Working hours.;(d) Sum-of-the-years?-digits.;(e) Declining-balance (use 20% as the annual rate).
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