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On January 1, 2018, a machine was purchased for $105,000. The machine has an estimated salvage value of $8,100 and an estimated useful life of

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On January 1, 2018, a machine was purchased for $105,000. The machine has an estimated salvage value of $8,100 and an estimated useful life of 5 years. The machine can operate for 114,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 22,800 hrs; 2019, 28,500 hrs; 2020, 17,100 hrs; 2021, 34,200 hrs; and 2022, 11,400 hrs. 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. 45,892.) 1. Straight-line Method $ 105000 2. Activity Method Year 2018 $ 19380 2019 $ 24225 2020 $ 14535 2021 $ 29070 2022 $ 9690 3. Sum-of-the-Years'-Digits Method Year 2018 $ 32300 2019 $ 25840 2020 $ 19380 2021 $ 12920 2022 $ 6460 4. Double-Declining-Balance Method Year 2018 $ 42000 2019 $ 25200 2020 $ 15120 2021 $ 9072 2022 $ 5443 LINK TO TEXT Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to O decimal places, e.g. 45,892.) Year Straight-line Method Sum-of-the-years'-digits method Double-declining-balance method 2018 $ 14535 $ 19380 $ 2019 19380 24225 2020 19380 14535 2021 19380 29070 2022 19380 29070 2023 4845 9690

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