Alladin Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end of May Machine price Credit terms Freight-in costs Preparation and installation costs Labor costs during regular production operations pute Expected time that the machine could be used $ 85,000 2/10, n/30 800 3,800 10,500 10 years Estimated salvage value at the end of 10 years $ B Expected time that Alladin intends to use the machine 8 years 4 Estimated sales price at the end of 8 years $1,500 5 6 The invoice for Machine #201 was paid May 5, 2020. Alladin uses the calendar year as the 7 basis for the preparation of financial statements. 18 19 Instructions: 20 (a) Compute the depreciation expense for the years indicated using the following methods. (Round to the nearest dollar.) 21 22 23 24 25 26 (1) Straight-line method for 2020 (2) Sum-of-years'-digits method for 2021 (3) Double-declining-balance method for 2020 Depreciation Base Computation 27 28 29 30 31 32 33 34 35 36 37 38 39 (1) Straight-line using the SLN function 40 41 42 43 44 (2) Sum-of-years'-digits using the SYD function 45 Year Annual Year 46 2020 47 2021 48 Total 2021