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Problem 11-11 (Part Level Submission) On January 1, 2018, a machine was purchased for $92,500. The machine has an estimated salvage value of $5,500 and
Problem 11-11 (Part Level Submission) On January 1, 2018, a machine was purchased for $92,500. The machine has an estimated salvage value of $5,500 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 20,000 hrs; 2019, 25,000 hrs; 2020, 15,000 hrs; 2021, 30,000 hrs; and 2022, 10,000 hrs. 1. Straight-line Method 17400 2. Activity Method Year 2018 17400 2019 21750 2020 I AI AI AI AI A 13050 2021 26100 2022 8700 3. Sum-of-the-Years'-Digits Method Year 2018 29000 2019 23200 2020 17400 2021 11600 2022 5800 2021 11600 2022 5800 4. Double-Declining-Balance Method Year 2018 37000 2019 22200 2020 13320 2021 7992 2022 2488 Click if you would like to Show Work for this question: Open Show Work 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 2018 $ $ 2019 2020 2021 2022 2023
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