Steel is purchased on July 1 of the current fiscal year for $180,000. It is expected to have a useful life of 4 years, or 20,000 operating hours, and a residual value of $15,000. Compute the depreciation for the last six months of the current fiscal year ending December 31 by each of the following methods:
-straight line method
-declinding balance at twice the straigh line rate
-units of production (used for 1,500 hours during the current year)

Do you expect someone to just work out all three of these for you? I'm here to help you try to figure it out, but I'm not doing all your work for you, especially that much work. You need to show you've made some attempt to do your own work, or ask specific questions about the things you don't understand. Don't just present a problem and except someone to do it for you.

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