Exercise $9\mathrm{.}4($Algo$)$ Depreciation Methods $($LO$9-3)$

On January $2,2024,$ Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment

was $$70,000$ with an estimated residual value of $$6,000.$

Required:

a$-1.$ Prepare a complete depreciation table under the straight$-$line method. Assume that a full year of depreciation was taken in $2024.$

a$-2.$ Prepare a complete depreciation table under the $200$ percent declining$-$balance method. Assume that a full year of depreciation

was taken in $2024$

a$-3.$ Prepare a complete depreciation table under the $150$ percent declining$-$balance with a switch to straight$-$line when it will maximize

depreciation expense. Assume that a full year of depreciation was taken in $2024.$