hapter 9 Assignment: Required Saved Help Save& ExitSubmit Check my work 3 Problem 9.2A Comparison of Straight-Line and Accelerated Methods (LO9-3, LO9-5) Swanson & Hiller, Inc., purchased a new machine on September 1 of the current year at a cost of $170,000. The machine's estimated 20 points useful life at the time of the purchase was five years, and its residual value was $10,000. The company reports on a calendar year basis Required a-1, Prepare a complete depreciation schedule, beginning with the current year, using the straight-line method. half-year convention is used). a-2. Prepare a complete depreciation schedule, beginning with the current year, using the 20 (Assume that the half-year convention is used) eBook (Assume that the Ask Print straight-line when that maximizes the expense. (Assume that the half-year convention is used). b. Which of the three methods computed in part a is most common for financial reporting purposes? a complete depreciation schedule, beginning with the current year, using the 150 percent declining-balance, switching to References c. Assume that Swanson & Hiller sells the machine on December 31 of the fourth year for $31.500 cash. Compute the resulting gain or loss from this sale under each of the depreciation methods used in part a Complete this question by entering your answers in the tabs below.