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On January 1, 2015, a machine was purchased for $107,100. The machine has an estimated salvage value of $7,140 and an estimated useful life of

On January 1, 2015, a machine was purchased for $107,100. The machine has an estimated salvage value of $7,140 and an estimated useful life of 5 years. The machine can operate for 119,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 23,800 hrs; 2016, 29,750 hrs; 2017, 17,850 hrs; 2018, 35,700 hrs; and 2019, 11,900 hrs.

Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the assets life applying each of the following methods.

Year

Straight-line Method

Sum-of-the-years'-digits method

Double-declining-balance method

2015 $

$

$

2016

2017

2018

2019

2020

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