Finance Question

Depreciation Computation - 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 workinghours 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 off to nearest dollar ).
1. Straight - Line
2. Units- of Output
3. Working- Hours
4. Sum- of -the - years- digits
5. Declining- balance ( use 20% as the annual rate).

Use financial calculator for calculations.