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On January 1, 2018, a machine was purchased for $125,000. The machine has an estimated slvage value of $7,880 and an estimated useful life of

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On January 1, 2018, a machine was purchased for $125,000. The machine has an estimated slvage value of $7,880 and an estimated useful life of 5 years. The machine can operate for 122,000 hours before it needs to be replaced. The compamy closed its books on December 31 and operates the machine as follows: 2018,24,400 hrs; 2019,30,500 hrs; 2020,18,300 hrs; 2021,36,600 hrs; and 2022,12,200 hrs. (a) - Your answer is partially correct. 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.) Year 2018 $39040 2019 2020 $31232 2021 $23425 2022 $15616 4. Double-Dectining-Balance Method Year 2018 2019 2020 \( 5 \longdiv { \square } 5 0 0 0 \) 2021 2022

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