A factory machine was purchased for $375,000 on January 1, 2015. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2015. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2015 would be

the  depreciation expense for the year 2015 is $30,000

Explanation:

The computation of the depreciation expense for the year 2015 is shown below:

Depreciation Expense is

= Cost - salvage value

= $375,000 - $75,000

= $300,000

Now  

Depreciation Expense for 2015 is

= (Actual hours in 2021 ÷ Total hours)  Depreciation

= (4,000 ÷ 40,000) × $300,000

= $30,000

Hence, the  depreciation expense for the year 2015 is $30,000

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