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Please solve the answers with red x's are wrong. Thank you! Diprecostion and Rate of Returm Burrell Company purchased a machine for $30,000 on January
Please solve the answers with red x's are wrong. Thank you! Diprecostion and Rate of Returm Burrell Company purchased a machine for $30,000 on January 2, 2019. The machine has an estimated service life of 5 years anid a zero estimated residual value. The asset earns income before depreciation and income taxes of $15,000 each year. The tax rate is 20%. Required: Compute the rate of retum eamed (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset. Straight-line method, If required, round to one decimal place. \begin{tabular}{|l|l} \hline 2019 & x% \\ \hline 2020 & x% \\ \hline 2021 & x% \\ 2022 & x% \\ \hline 2023 & x% \end{tabular} Double-decining-balance depreciation method. Round to two decimal places. Round your intermediate dollar value calculations to the nearest whole number. \begin{tabular}{l|l} 2019 & x%6 \\ \hline 2020 & % \\ 2021 & x% \\ 2022 & %4 \\ 2023 & % \end{tabular}
Please solve the answers with red x's are wrong. Thank you!
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