Question
On January 1, 2015, a machine was purchased for $94,500. The machine has an estimated salvage value of $6,300and an estimated useful life of5years. The
On January 1, 2015, a machine was purchased for $94,500. The machine has an estimated salvage value of $6,300and an estimated useful life of5years. The machine can operate for105,000hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015,21,000hrs; 2016,26,250hrs; 2017,15,750hrs; 2018,31,500hrs; and 2019,10,500hrs.
Part 1
Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g.
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