• P purchased a machine on January 1, 2028 for $14779
• At the time of purchase, the machine was expected to have a useful life of 14 years and a residual value of $1478
• P uses straight-line depreciation
• At the beginning of 2035, P estimated the machine had a remaining useful life of 12 years with no residual value.
• Determine the following amounts
  • The depreciation expense for the year ending December 31, 2028:
  • The carrying value of the machine on January 1, 2035:
  • The depreciation expense for the year ending December 31, 2035:
  • The carrying value of the machine on December 31, 2035:

Please answer as soon as you can. Thank you!