On October 1, 2019, Jay Company purchased a new machine for $112,500. The machine is estimated to have a $10,500 salvage value after its 10-year useful life. The machine is expected to be used 20,000 working hours over its useful life. Complete the following depreciation schedules for 2019 and 2020. All answers should have dollar signs and commas. For example, your answers could be in the following formats: $5,000 or $15,000 o r$150,000. Straight-Line Method Recens Year Depreciation Expense ======**************** Instructions: P P 2019 B 2020 Declining Balance Method (Assuming double the straight-line rate) Year Depreciation Expense prisign 2019 ========== 2020 Accumulated Depreciation Accumulated Depreciation A Moving to another question will save this response. Book Value Book Value Question 5 of 415

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