Exercise 9-20 (Part Level Submission)

Blossom Company purchased a new machine on October 1, 2017, at a cost of $91,300. The company estimated that the machine has a salvage value of $8,600. The machine is expected to be used for62,700working hours during its8-year life.

Compute depreciation using the following methods in the year indicated.

(a)

Declining-balance using double the straight-line rate for 2017 and 2018.(Round answers to 0 decimal places, e.g. 125

2017 2018

Depreciation using the Declining-balance method

$

enter a dollar amount

$

enter a dollar amount

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(b)

The parts of this question must be completed in order. This part will be available when you complete the part above.