Exercise 9.4 Depreciation Methods L.O. 3 On January 2, 2013, Chow Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $56,000 with a residual value of $4,200. Chow adopts the cost model as its accounting policy in subsequently measuring its property, plant, and equipment. a-1 Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2013. (Omit the "$" sign in your response.) Depreciation Year Expense 2013 $ 10360 2014 10360 2015 10360 Accumulated Depreciation $ 10360 $ 20720 31080 Book Value 45640 35280 24920 2016 14560 10360 10360 41440 51800 2017 4200 a-2 Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2013. (Omit the "$" sign in your response.) Accumulated Depreciation Book Value Depreciation Year Expense 2013 $ 2014 $ $ 2015 2016 2017 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 2013. (Omit the "$" sign in your response.) Accumulated Depreciation $ Depreciation Year Expense 2013 $ 2014 Book Value $ 2015 2016 2017