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Various Depreciation Methods-First Year
on September 5, 2009, Apollo Purchased

Question 103

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Various depreciation methods-first year
On September 5, 2009, Apollo purchased equipment costing $40,000, with an estimated life of 6 years and an estimated salvage value of $4,000.
Compute the depreciation expense Apollo would recognize on this equipment in 2009, assuming:
 (a) Straight-line depreciation with fractional periods rounded  to the nearest full month $___ (b) 200%-declining-balance, using the half-year convention $___ (c) 150%-declining-balance with fractional periods rounded  to the nearest full month $___\begin{array} { | l | l | } \hline \text { (a) Straight-line depreciation with fractional periods rounded } \\\text { to the nearest full month }& \$\_\_\_ \\\hline \text { (b) } 200 \% \text {-declining-balance, using the half-year convention }& \$\_\_\_ \\\hline \text { (c) } 150 \% \text {-declining-balance with fractional periods rounded } \\\hline \text { to the nearest full month } & \$\_\_\_ \\\hline\end{array}

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