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On January 1, 2018. a machine was purchased for $107.500. The machine has an estimated salvage value of 54.780 and an estimated useful life of
On January 1, 2018. a machine was purchased for $107.500. The machine has an estimated salvage value of 54.780 and an estimated useful life of 5 years. The machine can operate for 107.000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 21.400 hrs: 2019.26,750 hrs: 2020, 16,050 hrs 2021, 32,100 hrs; and 2022, 10.700 hrs. our answer is partially 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 decimal places, eg. 45,892.) 4. Double-Declining-Balance Method Year 2018 $ 64500 2019 38700 2020 $ $ $ 23220 2021 13932 2022 8359 (b) 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 decimal places, eg. 45,892.) Year Straight-line Method Double-declining-balance method Sum-of-the-years-digits method $ 2018 2019 2020 2021 2022 2023
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