# Using the straight line method depreciation for 2013

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31. Using the straight-line method, depreciation for 2013 would be: A. \$13,200. B. \$14,400. C. \$72,000. D. None of the above is correct. 32. Using the straight-line method, the book value at December 31, 2013, would be: 33. Using the straight-line method, depreciation for 2014 and the equipment's book value at December 31, 2014, would be:

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34. Using the double-declining balance method, depreciation for 2013 and the book value at December 31, 2013, would be: 35. Using the double-declining balance method, depreciation for 2014 would be: A. \$28,800. B. \$18,240. C. \$17,280. D. None of the above is correct. 36. Using the double-declining balance method, the book value at December 31, 2014, would be:
37. Using the sum-of-the-years'-digits method, depreciation for 2013 and book value at December 31, 2013, would be: 38. Using the sum-of-the-years'-digits method, depreciation for 2014 and book value at December 31, 2014, would be: On June 30, 2013, Prego Equipment purchased a precision laser-guided steel punch that has an expected capacity of 300,000 units and no residual value. The cost of the machine was \$450,000 and is to be depreciated using the units-of-production method. During the six months of 2013, 24,000 units of product were produced. At the beginning of 2014, engineers estimated that the machine can realistically be used to produce only another 230,000 units. During 2014, 70,000 units were produced.

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39. Prego would report depreciation in 2013 of: A. \$36,000. B. \$43,900. C. \$18,000. D. \$21,950. 40. Prego would report depreciation in 2014 of: Archie Co. purchased a framing machine for \$45,000 on January 1, 2013. The machine is expected to have a four-year life, with a residual value of \$5,000 at the end of four years. 41. Using the straight-line method, depreciation for 2013 and book value at December 31, 2013, would be:
42. Using the straight-line method, depreciation for 2014 and book value at December 31, 2014, would be: 43. Using the double-declining balance method, depreciation for 2013 and book value at December 31, 2013, would be: A. \$22,500 and \$22,500. B. \$22,500 and \$17,500. C. \$20,000 and \$25,000. D. \$20,000 and \$20,000. 44. Using the double-declining balance method, depreciation for 2014 and book value at December 31, 2014, would be:

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