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On January 1, 2018, a machine was purchased for $110,000. The machine has an estimated salvage value of $5,840 and an estimated useful life of

On January 1, 2018, a machine was purchased for $110,000. The machine has an estimated salvage value of $5,840 and an estimated useful life of 5 years. The machine can operate for 124,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 24,800 hrs; 2019, 31,000 hrs; 2020, 18,600 hrs; 2021, 37,200 hrs; and 2022, 12,400 hrs.

Compute the annual depreciation charges over the machines 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 $

2. Activity Method
Year
2018 $

2019 $

2020 $

2021 $

2022 $

3. Sum-of-the-Years'-Digits Method
Year
2018 $

2019 $

2020 $

2021 $

2022 $

4. Double-Declining-Balance Method
Year
2018 $

2019 $

2020 $

2021 $

2022 $

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Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the assets life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.)

Year

Straight-line Method

Sum-of-the-years'-digits method

Double-declining-balance method

2018 $

$

$

2019

2020

2021

2022

2023

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