Compute the annual depreciation charges over the machines life assuming a December 31 year-end

On January 1, 2018, a machine was purchased for $107.500. The machine has an estimated salvage value of $8.320 and an estimated useful life of 5 years. The machine can operate for 114,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 22,800 hrs: 2019,28,500 hrs: 2020, 17.100 hrs: 2021, 34,200 hrs; and 2022. 11,400 hrs. (a) Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to decimal places, e.g. 45,892.) 1. Straight-line Method $ 2. Activity Method Year 2018 $ 2019 $ 2020 $ 2021 $ 2022 $ 3. Sum-of-the-Years'-Digits Method Year 2018 $ 2019 $ 2020 $ 2021 $ 2022 $ 4. Double-Declining-Balance Method Year 2018 $ 2019 $ 2020 $ 2021 $ 2022 $