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Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $103,500. The machine has an estimated salvage value of $6,900 and
Problem 11-11 (Part Level Submission) 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. Your answer is partially correct. Try again. Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.) Year Straight-line Method Sum-of-the-years'-digits method Double-declining-balance method 2015 19,320 2016 2017 19,320 2018 19,320 2019 19,320 2020 Onen Show Work - t4en
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