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Problem 11-11 On January 1, 2015, a machine was purchased for $103,500. The machine has an estimated salvage value of $6,900 and an estimated useful
Problem 11-11 On January 1, 2015, a machine was purchased for $103,500. The machine has an estimated salvage value of $6,900 and an estimated useful life of 5 years. The machine can operate for 115,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 23,000 hrs; 2016, 28,750 hrs; 2017, 17,250 hrs; 2018, 34,500 hrs; and 2019, 11,500 hrs. Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to o decimal places, e.g. 45,892.) (1) Straight-line Method (2) Activity Method Year 2015 2016 2017 2018 2019
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