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8. (20 Points) A assets: company's property records revealed the following information about its plant Depreciation Method and No. Cost Salvage Value Purchase Date 0

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8. (20 Points) A assets: company's property records revealed the following information about its plant Depreciation Method and No. Cost Salvage Value Purchase Date 0 Estimate Life $42,000 86,000 10/1/17 Straight-line (3 years) 8,600 7/1/17 Double-declining-balance 5 vears Calculate the depreciation expense for each machine for the year ended December 31, 2017, and for the year ended December 31, 2018 Machine 1: 2017 2018 Machine 2: 2017 2018

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