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Other incorrect answers for C are $48,000 and $20,000 and other incorrect answers for D are $63,240 and $26,350. Please do not say these are
Other incorrect answers for C are $48,000 and $20,000 and other incorrect answers for D are $63,240 and $26,350. Please do not say these are the correct answers as the system found them wrong,
Sheffield Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $158,100. The company estimated that the machine would have a salvage value of $14,100 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at 22,500 hours. Year-end is December 31. Compute the depreciation expense under the following methods. Each of the following should be considered unrelated. (Round depreciation rate per hour to 2 decimal places, e.g. 5.35 for computational purposes. Round your answers to O decimal places, e.g. 45,892.) (a) Straight-line depreciation for 2020 $ 12000 (b) Activity method for 2020, assuming that machine usage was 800 hours $ ta 5120 (c) Sum-of-the-years'-digits for 2021 48,000 (d) Double-declining-balance for 2021 $ 63,240 Please help me find C and D and show your steps on how you got the answers. Thank youStep by Step Solution
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