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Flint Metal Shop purchased a stamping machine for $230,000. It is expected to have a useful life of eight years and a salvage value of
"Flint Metal Shop purchased a stamping machine for $230,000. It is expected to have a useful life of eight years and a salvage value of $11,000. From the information given, answer the following questions regarding book depreciation of this machine." (a) Using the Straight-Line (SL) depreciation method, the amount depreciated (D) each year is and the Book Value at the end of year 4 (BVA) will be $ (b) Using the Sum-Of-Years'-Digits (SOYD) method: - The amount depreciated (D3) in year 3 is $ and the Book Value at the end of year 3 (BV3) will be $ - The amount depreciated (DB) in year 8 is $ and the Book Value at the end of year 8 (BV8) will be $ (c) Using the Declining Balance (DB) method, with switching to the straight-line method. complete the following depreciation schedule: Depreciation Schedule Year D (DB) D (SL) BV Switch? $230,000 0 $230,000 1 1 $ $ $ SV $ $ $ $ 2 $11,000 $ $ 3 4 $119714.29 $92535.71 un $27178.57 $27178.57 $27178.57 $27178.57 6 $65357.14 $38178.57 7 00 $27178.57 $
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