Gruman Company purchased a machine for $$198,000$ on January $2,2016.$ It made the following estimates:

Service life $5$ years or $10,000$ hours

Production $180,000$ units

Residual value $ $18,000$

In $2016,$ Gruman uses the machine for $1,700$ hours and produces $50,000$ units. In $2017,$ Gruman uses the machine for $1,400$ hours and produces $30,000$ units. If required, round your final answers to the nearest dollar.

Required:

Compute the depreciation for $2016$ and $2017$ under each of the following methods:

Straight$-$line method

$2016$ $ fill in the blank $1$

$2017$ $ fill in the blank $2$

Sum$-$of$-$the$-$years'$-$digits method

$2016$ $ fill in the blank $3$

$2017$ $ fill in the blank $4$

Double$-$declining$-$balance method

$2016$ $ fill in the blank $5$

$2017$ $ fill in the blank $6$

Activity method based on hours worked

$2016$ $ fill in the blank $7$

$2017$ $ fill in the blank $8$

Activity method based on units of output

$2016$ $ fill in the blank $9$

$2017$ $ fill in the blank $10$

For each method, what is the book value of the machine at the end of $2016?$ At the end of $2017?$

Straight$-$line method

$2016$ $ fill in the blank $11$

$2017$ $ fill in the blank $12$

Sum$-$of$-$the$-$years'$-$digits method

$2016$ $ fill in the blank $13$

$2017$ $ fill in the blank $14$

Double$-$declining$-$balance method

$2016$ $ fill in the blank $15$

$2017$ $ fill in the blank $16$

Activity method based on hours worked

$2016$ $ fill in the blank $17$

$2017$ $ fill in the blank $18$

Activity method based on units of output

$2016$ $ fill in the blank $19$

$2017$ $ fill in the blank $20$

If Gruman used a service life of $8$ years or $15,000$ hours and a residual value of $$9,000,$ what would be the effect on the following under the straight$-$line, sum$-$of$-$the$-$years'$-$digits, and double$-$declining$-$balance depreciation methods?

Depreciation expense

Straight$-$line method

$2016$ $ fill in the blank $21$

$2017$ $ fill in the blank $22$

Sum$-$of$-$the$-$years'$-$digits method

$2016$ $ fill in the blank $23$

$2017$ $ fill in the blank $24$

Double$-$declining$-$balance method

$2016$ $ fill in the blank $25$

$2017$ $ fill in the blank $26$

Book value

Straight$-$line method

$2016$ $ fill in the blank $27$

$2017$ $ fill in the blank $28$

Sum$-$of$-$the$-$years'$-$digits method

$2016$ $ fill in the blank $29$

$2017$ $ fill in the blank $30$

Double$-$declining$-$balance method

$2016$ $ fill in the blank $31$

$2017$ $ fill in the blank $32$