Pronghorn Corporation purchased a new machine for its assembly process on August 1, 2017. The cos… Assignment Help


Show transcribed image text Pronghorn Corporation purchased a new machine for its assembly process on August 1, 2017. The cost of this machine was exist132, 048. The company estimated that the machine would have a salvage value of exist14, 448 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 22, 200 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to 0 decimal places, e.g. 45, 892.) (a) Straight-line depreciation for 2017 exist (b) Activity method for 2017, assuming that machine usage was 780 hours exist (c) Sum-of-the-years-digits for 2018 exist (d) Double-declining-balance for 2018 exist

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