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solo country club purchased a new computer system on october 1 2008 at a cost of 96 691647

Solo Country Club purchased a new computer system on October 1, 2008, at a cost of $96,000. The company estimated that the machine would have a salvage value of $12,000. The system is expected to be used for 10,000 working hours during its five year life.

Instructions

Compute the depreciation expense under the following methods for the year indicated:

(a) Straight line for 2008.

(b) Units of activity for 2008, assuming system usages was 1,700 hours.

(c) Declining balance using doubles the straight line rate for 2008 and 2009.

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