On January 1, 2023, a machine was purchased for $90,000. The machine has an estimated salvage of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its book on December 31 and operates the machine as follows: 2023, 20,000 hours; 2024, 25,000 hours; 2025, 15,000 hours; 2026, 30,000 hours; and 2027, 10,000 hours.

Assume a fiscal-year-end of September 30. Prepare a depreciation schedule over the machines life using each of the following methods: Straight-line method, Sum-of-the-years- digit method, and Double- declining-balance method. The schedule should include at least the following columns: Year, Depreciation expense, Balance of Accumulated Depreciation, Book value at End of Year.

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