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On January 1, 2018, a machine was purchased for $117,500. The machine has an estimated salvage value of $10,400 and an estimated useful life of

On January 1, 2018, a machine was purchased for $117,500. The machine has an estimated salvage value of $10,400 and an estimated useful life of 5 years. The machine can operate for 119,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 23,800 hrs; 2019, 29,750 hrs; 2020, 17,850 hrs; 2021, 35,700 hrs; and 2022, 11,900 hrs.

(a)

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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