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On January 1, 2018, a machine was purchased for $97,500. The machine has an estimated salvage value of $4,800 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 $4,800 and an estimated useful life of 5 years. The machine can operate for 103.000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 20,600 hrs; 2019, 25,750 hrs; 2020, 15,450 hrs; 2021, 30,900 hrs; and 2022, 10,300 hrs. 4. Double-Declining-Balance Method Year 2018 2019 2020 2021 2022 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 O decimal places, e.g. 45,892.) Year Straight-line Method f-the-years-digits method Double-declining-balance method 2018 2019 2020 2021 2022 2023

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