Coronado Corporation purchased a new machine for its assembly
process on August 1, 2017. The cost of this machine was $122,616.
The company estimated that the machine would have a salvage value
of $13,416 at the end of its service life. Its life is estimated at
5 years, and its working hours are estimated at 19,500 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.)
(d) Double-declining-balance for 2018