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On January 1, 2018, a machine was purchased for $115,000. The machine has an estimated salvage value of $7,000 and an estimated useful life of

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On January 1, 2018, a machine was purchased for $115,000. The machine has an estimated salvage value of $7,000 and an estimated useful life of 5 years. The machine can operate for 120,000 hours before it needs to be replaced. The company dosed its books on December 31 and operates the machine as follows: 2018, 24,000 hrs; 2019, 30,000 hrs 2020, 18,000 hrs; 2021, 36,000 hrs; and 2022, 12,000 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 o decimal places, e.g. 45,892.) 1. Straight-line Method 2. Activity Method Year 2018 2019 2020 2021 2022 3. Sum of the waits Method Year 2010 2019 2020 CALCULATOR FUL 3. Sum-of-the-Years'-Digits Method Year 2018 2019 2020 2021 $ 2022 4. Double-Declining Balance Method Year 2018 2019 2020 $ 2021 $ 2022 tudy Assume a fiscal year end of September 30. Compute the annual depreciation charges over the asset's be oplying each of the following methods. (Hound answers to O decimal places, e.g. 45,892.) Year Straight line Method Sum of the years digits method Double declining balance shed 2018 2019 2020 2021 2022 2023

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