Hathaway Company purchased a copying machine for $8,700 on October 1, 2016. The machine's residual value was $500 and its expected service life was 5 years. Hathaway computes depreciation expense to the nearest whole month.

Depreciation for Partial Periods Hathaway Company purchased a copying machine for $8,700 on October 1, 2016. The machine's residual value was $500 and its expected service life was 5 years. Hathaway computes depreciation expense to the nearest whole month. 1. a. Required: Compute depreciation expense (rounded to the nearest dollar) for 2016 and 2017 using the: Straight-line method $ 2016 $ 2017 b. Sum-of-the-years'-digits method $ 2016 $ 2017 c. Double-declining balance method $ 2016 $ 2017