The depreciation schedule is given below, including straight line method, units of production method and double-declining balance.
The given is three depreciation schedules:
1) Straight-line method:
Value of deprecation will be calculated as:
= Cost of asset- salvage value/life of asset
= $33,000-$6,000/4
= $6,750
2) Unit of production method:
Depreciation value= cost of asset-salvage value/ life of asset in hours
= $33,000-$6,000/6,750
=$4 per hour
3) Double- declining method:
Value of depreciation = 1/useful life *100
= 1/4 *100
= 25%
(Depreciation schedule is given below in pictures)
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