Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl Swanson & Hiller, Inc., purchased a new machine on September 1 of the current year at a cost of $150,000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $10,000. The company reports on a calendar year basis Required: a-1. Prepare a complete depreciation schedule, beginning with the current year, using the straight-line method. (Assume that the half- year convention is used). a-2. Prepare a complete depreciation schedule, beginning with the current year, using the 200 percent declining-balance method. Assume that the half-year convention is used). a-3. Prepare a complete depreciation schedule, beginning with the current year, using the 150 percent declining-balance, switching to straight-line when that maximizes the expense. (Assume that the half-year convention is used). b. Which of the three methods computed in part a is most common for financial reporting purposes? c. Assume that Swanson & Hiller sells the machine on December 31 of the fourth year for $34,000 cash. Compute the resulting gain or loss from this sale under each of the depreciation methods used in part a. 3 Answer is not complete. Complete this question by entering your answers in the tabs below Req A1 Prepare a complete depre Year Depreciation Req A2 Req A3 Req B Req C n schedule, beginning with the current year, using the 200 percent declining-balance method e half-year convention is used). (Round your answers to the nearest dollar amount.) cumulatecd ExpenseD Book Value Prev 1 of 4 Next > earch