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Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $105,300. The machine has an estimated salvage value of $7,020 and
Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $105,300. The machine has an estimated salvage value of $7,020 and an estimated useful life of 5 years. The machine can operate for 117,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 23,400 hrs; 2016, 29,250 hrs; 2017, 17,550 hrs; 2018, 35,100 hrs; and 2019, 11,700 hrs. Your answer is incorrect. Try again. 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 0 decimal places, e g 45,892.? (1) Straight-line Method (2) Activity Method Year 2015 14742 2016 19656 2017 19656 2018 19656 2019 19656 (3) Sum-of-the-Years'-Digits Methoo Year 2015 24570 2016 27846 2017 21294 2018 14742 2019 8190
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