P9-3B On JAN 01.2017, Corp bought a machine for use in its factory. Cost was $120,000. Useful fe is estimated to be 4 years or 25,000 units of activity. Estimated salvage value is $8,000. Instructions Calculate the depreciation expense that should be recorded for the machine each year of its useful life under the following assumption (1) Corp. uses the straight-line method of depreciation (2) Corp. uses the units-of-activity method and estimates the useful life is 25,000 units. (3) Corp. uses the declining-balance method. The rate used is twice the straight-ine rate. (5) Which method reports the lowest amount of depreciation expense in year 1 (2017)? (5) Which method reports the lowest amount of depreciation expense in year 4 (2020)? (6) Which method reports the lowest TOTAL Amount of depreciation expense over the 4 years? 1) Straight-Line Method 2017 2018 2019 2020 Show Your Calculation above Annual Donc Exp 2) Units of Activity....(units) 2017 5,500 actual units of activity 2018 7,000 actual units of activity 2019 8.000 actual units of activity 2020 4,500 actual units of activity Show Calculation Above Annual Dent Exp 3) Double-Declining Balance (Strongly suggested that you review Ex 9-7 above) % Accum. Donec DDB Percentage Rate at twice the straight-line rate= Amount to depreciation Annual Denc Exp 2017 DDB % rate 1225 words IK Focus E 4 of 8 Arial 12 ' Aa po ADA B 1 Paragraph Dictato Styles % Accum Depec DDB Percentage Rate at twice the straight-line rate = Amount to depreciation Annual Depe Exp 2017 XDDB rate 2018 DOB % rate 2019 X DDS rate 2020 X ODBrate 4) Which method reports the lowest amount of depreciation expense in year 1... (2017)? 5) Which method report the lowest amount of depreciation expense in year 4... (2020)? 6) Which method reports the lowest TOTAL Amount of depreciation experise over the entire year period? Corp. has equipment that cost $45,000 and that has accumulated depreciation of $26.000. Instructions Record the disposal under the following assumptions. (dont panic it show are extra lines) (a) Equipment was scrapped as having no value. (b) Equipment was sold for $29,000 in cash. (c) Equipment was sold for $10,000 in cash. a b 8 1224 words Focus