DEPRECIATION METHODS Ten O'Clock, Inc. purchased a vanon Lamar 2018 for SA0000. Estimated life of the van was live years, and its estimated residual value was $90.000. Ten O'Clock uses the straight-line method of depreciation. Prepare the depreciation schedule. Depreciation Expense Book Value at End of Year 2018 2019 2018 2019 Method Straight-line On January 1, 2019, Sapphire Manufacturing Corporation purchased a machine for $10,000,000. The corporation expects to use the machine for 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $40,000. The schedule of usage of the machine is below. Year Usage 4100 6,000 5,200 10 2.000 2.000 Prepare the depreciation schedule using the units-of-production method of depreciation. Depreciation Expense 2019 2020 Book Value at End of Year 2019 2020 Method Units-of-production The cost of an asset purchased on 1/1/2019 is $10,000,000, and its residual value is $100,000. Estimated useful life of the asset is four years. Prepare the schedule of depreciation using the double-declining. balance method of accounting Depreciation Expense Book Value at End of Year 2019 2020 2019 2020 Method Double-declining-balance