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9. On January 1,2023 , a machine was purchased for $112,500. The machine has an estimated salvage value of $7,200 and an estimated useful life
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On January 1,2023 , a machine was purchased for $112,500. The machine has an estimated salvage value of $7,200 and an estimated useful life of 5 years. The machine can operate for 117,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023, 23,400 hours; 2024,29,250 hours; 2025,17,55 hours; 2026,35,100 hours; and 2027,11,700 hours. (a) Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round rate per hour to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 45,892.) 1. Straight-line Method $ 2. Artivitv Methnd 3. Sum-of-the-Years'-Digits Method 4. Double-Declining-Balance Method Year2023$Step by Step Solution
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