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2. A company's property records revealed the following information about its plant assets: Machine No. Cost Salvage Value Purchase Date Depreciation Method and Estimate Life

2. A company's property records revealed the following information about its plant assets:

Machine No.

Cost

Salvage Value

Purchase Date

Depreciation Method and Estimate Life

1

$42,000

$3,000

10/1/08

Straight-line (3 years)

2

86,000

8,600

7/1/08

Double-declining-balance (5 years)

Calculate the depreciation expense for each machine for the year ended December 31, 2010 and for the year ended December 31, 2009. Machine 1: 2009 _______________________ 2010 _______________________ Machine 2: 2009 _______________________ 2010 _______________________

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