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On January 1, 2018, a machine was purchased for $97.500. The machine has an estimated salvage value of $6,480 and an estimated useful life of

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On January 1, 2018, a machine was purchased for $97.500. The machine has an estimated salvage value of $6,480 and an estimated useful life of 5 years. The machine can operate for 111,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 22 200 hrs: 2019.27,750 hrs: 2020, 16,650 hrs: 2021, 33,300 hrs; and 2022. 11.100 hrs (a) Your answer is partially correct 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 decimal places, eg. 45,892.) 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 Sum-of-the-years-digits method Double-declining-balance method 2018 $ 13653 22755 2019 18204 2020 18204 2021 18204 2022 18204 2023 4551

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