A$.$ A machine cost $$90,000$ on January $3,2023.$ Its estimated salvage value is $$9,000$ and its expected life is eight years.

Instructions

A machine cost $$90,000$ on January $3,2023.$ Its estimated salvage value is $$9,000$ and its expected life is eight years. Calculate the depreciation expense $($to the nearest dollar$)$ by each of the following methods,

showing the amounts used.

$($a$)$ Straight$-$line

$($b$)$ Double$-$declining balance $($double of straight line$)$

$($c$)$ Sum$-$of$-$the$-$years'$-$digits

$($d$)$ MACRS by property class $($recovery period$)$ of seven years