(1 of 3) Background: On April 1tt,2016, Max Full Co. acquired Machinery at a cost of 564,000 that was expected to last ten years, with a residual value of 54,000 . Max Full Co. practices Straight-Line Depreciation. Required: Calculate the Depreciation Expense on the Machinery for the year ending December 31, 2016. Input your answer in the box below. DO NOT INCLUDE A DOLLAR (S) SIGN OR A COMMA (.) AND ROUND TO THE NEAREST DOLLAR. (EG: 100000) Depreciation Expense for the year ending December 31, 2016: (2 of 3) Background, NEW FACTS: On January 1st, 2016. Minute Co. acquired Machinery at a cost of s64,000 that was expected to last five years, with a residual value of 512,000. Minute Co. practices Double-Declining Depreciation. Required: Using the correct depreciation rate of 40%, calculate the Depreciation Expense, Accumulated Depreciation, and Ending Book Value by completing the table below. ROUND ALL NUMBERS TO THE NEAREST DOLLAR. (2 of 3) Background, NEW FAcTS: On January 1st, 2016, Minute Co. acquired Machinery at a cost of 564,000 that was expected to last five years, with a residual value of $12,000. Minute Co, practices Double-Declining Depreciation. Required: Using the correct depreciation rate of 40%, calculate the Depreciation Expense, Accumulated Depreciation, and Ending Book value by completing the table below. ROUND ALL NUMBERS TO THE NEAREST DOLLAR. DO NOT INCLUDE A DOLLAR (5) SIGN OR A COMMA (.) AND ROUND TO THE NEAREST DOLLAR. EG: 100000 (3 of 3) Background, NEW FACTS: MikeMann Co purchased Machinery for $64,000 on January 1st, 2016. On that date the residual value was 54,000 and the Machinery's useful life was estimated to be 10 years. MikeMann practices Straight-Line Depreciation. What if? ASSUIME ACCUMMULATED DEPRECIATION as at December 31, 2019 was CORRECTLY calculated at $40,000 (or $10,000 per years. On January 1st, 2020, Max Full decided to upgrade its Machinery in order to reduce the machine's operating costs and paid an additional $6,000 for the upgrade. Residual value remains unchanged at $4,000. But as of January 1,2020 , it was estimated that this major overhaul would increase the useful life by another 2 years from the date of the upgrade. Required: As demonstrated in class, input the numbers that would be used to calculate the Revised Depreciation Expense for the year ended December 31,2020 by filling in the blanks. DO NOT INCLUDE A DOLLAR (S) SIGN OR A COMMA (.) AND ROUND TO THE NEAREST DLLAR. EG: 100000 DECEMBER 31, 2020 REVISED DEPRECIATION: LEAVE ALLL NUMBERS AS POSITIVE NUMBERS (Revised Cost is Revised Residual is Revised Useful Life is