quick producers acquired factory equipment on 1 jan uary 20×5 costing 78000 in view of pending technological developments/

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Required:
Round to the nearest dollar, and show computations.
1. Prepare a depreciation schedule for the asset, using
a. Straight- line depreciation.
b. Declining- balance depreciation, using a 40% rate.
c. Service- hours depreciation.
2. Express straight- line depreciation as a percentage of original cost.
3. Explain whether:
a. The rate of 40% was a good choice for declining- balance depreciation.
b. The 20,000 estimate of total service hours was accurate.

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