depreciation calculation

PROBLEM 7-Calculate depreciation. Show calculations, Circle the answers to each part A machine which cost $500,000 is acquired on January 1, 2017. Its estimated salvage value is $50,000 and its expected life is eight years. (expected life in units of activity is 200,000 units Instructions (1) Calculate depreciation expense for 2017 and 2018 by each of the following methods, showing the figures used. (a) Straight line rate 2017 - 2018 (b) Double-declining balance 2017 2018 (c) Sum-of-the-years-digits 2017 2018 (d) Units of activity, if the machine produced 30,000 units in 2017 and 50,000 units in 2018. 2017 2018_ (2) If the machine was purchased on July 1, 2017, calculate depreciation expense for 2017 and 2018 using (a) Straight line 2017 2018 (b) Double declining balance 2017 2018