Exercise 11 Pina Corporation bought machine on line 1, 2015, for $6.580, tab, the place of manufacture, Freight to the point where it was set up was $236, and was expanded to not. The machines esfe was estimated 10 years with a salvage value of $2,950, on ne 1, 2016, an essential part of the machine is replaced at a cost of $2,336, with one designed to reduce the cost of operating the machine. The cost of old part and related depreciation cannot be determined with any accuracy. On June 1, 2019, the company buy a new machine of greater capacity for 141,300, ulivered trading in the old machine which has a fair value and trade in allowance of $23,600. To prepare the old machine for removal from the plant cost $89, and expenditures to install the new one were $1,770. It is estimated that the new machine has a useful le of 10 years, with a salvage value of 4,720 t the end of that time. The exchange has commercial substance) Assuming that depreciation is to be computed on the straight-line basis, compute the annual depreciation on the new equipment that should be provided for the fiscal year beginning June 1, 2018. (Round answer too decimal places, 45,892.) Depreciation for the year beginning June 1, 2019 Click if you would like to show Work for this question: Open Show Work ay Exercise 11 Pina Corporation bought machine on line 1, 2015, for $6.580, tab, the place of manufacture, Freight to the point where it was set up was $236, and was expanded to not. The machines esfe was estimated 10 years with a salvage value of $2,950, on ne 1, 2016, an essential part of the machine is replaced at a cost of $2,336, with one designed to reduce the cost of operating the machine. The cost of old part and related depreciation cannot be determined with any accuracy. On June 1, 2019, the company buy a new machine of greater capacity for 141,300, ulivered trading in the old machine which has a fair value and trade in allowance of $23,600. To prepare the old machine for removal from the plant cost $89, and expenditures to install the new one were $1,770. It is estimated that the new machine has a useful le of 10 years, with a salvage value of 4,720 t the end of that time. The exchange has commercial substance) Assuming that depreciation is to be computed on the straight-line basis, compute the annual depreciation on the new equipment that should be provided for the fiscal year beginning June 1, 2018. (Round answer too decimal places, 45,892.) Depreciation for the year beginning June 1, 2019 Click if you would like to show Work for this question: Open Show Work ay