Instructions: Assume that Manufactures, Inc. later buys machinery for manufacturing in one of their old facilities. The machinery costed $200,000 and they estimate a residual value of $20,000. The senior accountant estimates a useful life for the equipment of 5 years or 5,000 hours. Help the senior accountant calculate and fill in the depreciation schedule for each year if they use the straight-line method. Depreciation Ending book value expense Year 1 2 3 4 Beginning book value $ $ 696969 $ $ Accumulated depreciation

Instructions: Assume that Manufactures, Inc. later buys machinery for manufacturing in one of their old facilities. The machinery costed $200,000 and they estimate a residual value of $20,000. The senior accountant estimates a useful life for the equipment of 5 years or 5,000 hours