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Problem 11-11 (Part Level Submission) On January 1, 2018, a machine was purchased for $97,500. The machine has an estimated salvage value of $6,480 and
Problem 11-11 (Part Level Submission) On January 1, 2018, a machine was purchased for $97,500. The machine has an estimated salvage value of $6,480 and an estimated useful life of 5 years. The machine can operate for 111,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 22,200 hrs; 2019, 27,750 hrs, 2020, 16,650 hrs 2021, 33,300 hrs, and 2022, 11.100 hrs (a) ) 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 o decimal places, 45,692.) 1. Straight-line Method 20544 2. Activity Method Year 2018 2019 2020 00000 2021 2022 3. Sum-of-the-Years'-Digits Method Year 2018 2019 DON 2020 2021 2022 4. Double-Declining-Balance Method Year 2018 2019 2020 2021 2022
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