Assume a $ billion machine purchased on salvage value.

year estimated life. Assume your company is a calendar yearend.

For the years and ONLY:

Required:

Using Straightline method, calculate the yearend Depreciation Expenses

Using DoubleDeclining Balance method, calculate the yearend Depreciation Expenses

Using Sum of the Years Digits method, calculate the yearend Depreciation Expenses

For Straightline only: show the assets Net Book Value at

For Straightline only: assume the machine was sold on for of its original

cost

a Show the entry to record the sale of the asset, including any gain or loss on the

be sure to show all your work for credit