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On January 1, 2015, a machine was purchased for $90,900. The machine has an estimated salvage value of $6,060 and an estimated useful life of
On January 1, 2015, a machine was purchased for $90,900. The machine has an estimated salvage value of $6,060 and an estimated useful life of 5 years. The company closed its books on December 31. Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the assets life applying the following methods. (Round answers to 0 decimal places, e.g. 45,892.)
Year Sum-of-the-years'-digits method
2015 - Answer is $ 21210
2016
2017
2018
2019
2020
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