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asap please On January 1, 2023, a machine was purchased for $102,500. The machine has an estimated salvage value of $7,580 and an estimated useful
asap please
On January 1, 2023, a machine was purchased for $102,500. The machine has an estimated salvage value of $7,580 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023,22,600 hours: 2024,28,250 hours: 2025,16,950 hours; 2026,33,900 hours; and 2027, 11,300 hours: (a) Your answer is correct. 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, es 15,25 and final answers to 0 decimal ploces, e8, 45,892.) Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.) Step by Step Solution
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