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Instructions: Using the sum-of the-years'-digit and double-declining balance depreciation methods, compute the depreciation expense for years 2016 and 2017, and the book value of the
Instructions: Using the sum-of the-years'-digit and double-declining balance depreciation methods, compute the depreciation expense for years 2016 and 2017, and the book value of the machine at the end of 2017 for each of the following two independent cases. Please show your work briefly and have your fina final answers in the tables to the nearest dollar when needed l answers summarized in the tables, Round the a. Todd Co. acquired a machine on Jan. 1, 2016, at a cost of s58,000. The machine has an estimated salvage value of $9,000 at the end of its 7-year useful life. The depreciation adjustment is done at the end of every calendar year Depreciation expense Depreciation expese Book value as of Depreciation method Sum-of-the-years-digits Double declining balance for 2016 for 2017 Dec. 31, 2017 b. Edison Co. acquired a equipment on April 1, 2016, at a cost of $58,000. The machine has an estimated salvage value of $9,000 at the end of its 7-year useful life. The depreciation adjustment is done at the end of every calendar year Depreciation expense Depreciation expenseBook value as of Depreciation method Sum-of-the-years'-digits Double declining balance for 2016 for 2017 Dec. 31, 2017
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