Allianz bought n machine costing $50,000 on January 1, 2010. A six year life was expected, and residual value was estimated to be $8.00Q. The 150% declining-balance depreciation method was used. Compute depreciation expense for 2011. The Cordell Company purchased a machine on January 2, 2010, at a cost of $1, 200,000. The machine had an estimated useful life of eight years and a residual value of $120,000. Cardell computes depreciation straight line. What amount will appear on the company s December 31, 2012 balance sheet tor this machine (net book value)? Identify the factors that are relevant in determining the annual depreciation charge(in for any company), and explain whether these factors are determined or where based on judgment