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E) Depreciation Expense Under Fractional Policies (5 points) A machine cost $80,000 on April 15, 2020) Its estimated salvage value is $8,000 and its
E) Depreciation Expense Under Fractional Policies (5 points) A machine cost $80,000 on April 15, 2020) Its estimated salvage value is $8,000 and its expected life is eight years. Calculate the depreciation expense for 2020, using the Sum-of-the-years'-digits method under five different fractional-year policies: Use the table below to fill in your answers. Fractional-Year Policies (1) Nearest fraction of a year. (2) Nearest full month. (3) Half year in period of acquisition and disposal. (4) Full year in period of acquisition, none in period of disposal. (5) None in period of acquisition, full year in period of disposal. Depreciation Expense 2020 63752 6750 2 4500 9000 0
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