PR-5-6-7

A machine costing	$ 32,800	was purchased January 2nd. The machine is expected to
have a useful life of	4	years
and a salvage value of	$ 4,400
Required: Compute the depreciation, the accumulated depreciation and the book value for
years 1 and 2 under the straight line method.
		Year	Depreciation Expense	Accumulated Depreciation	Book Value
		1
		2