Problem 9 9A (Part Level Submission) Ayayai Corporation purchased machinery on January 1, 2017, at a cost of $250,000 The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $24,000 The company is considering different depreciation methods that could be used for financial reporting purposes (a) Prepare separate depreciation schedules for the machinery using the straight line method, and the declining balance method using double the straight line rate STRAIGHT LINE DEPRECIATION Computation End of Year Years Depreciable Cost x Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Book Value 2017 $enter a dollar amount enter a Depreciation Rate in percentages $enter a dollar amount $enter a dollar amount $enter a dollar amount 2018 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2019 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2020 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount $enter a total for the Annual Depreciation Expense column in dollars DOUBLE DECLINING BALANCE DEPRECIATION Computation End of Year Years Book Value Beginning of Year Depreciation Rate Annual Depreciation Expense Accumulated Depreciation Book Value 2017 $enter a dollar amount enter a Depreciation Rate in percentages $enter a dollar amount $enter a dollar amount $enter a dollar amount 2018 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2019 enter a dollar amount enter a Depreciation Rate in percentages enter a dollar amount enter a dollar amount enter a dollar amount 2020 enter a dollar amount enter a Depreciation Rate in percentages 7,250 enter a dollar amount enter a dollar amount $enter a total for the Annual Depreciation Expense column in dollars Depreciation expense for 2020 under Double declining balance is adjusted so that ending book value is equal to salvage value Can I get some help on this one, thanks

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Problem 9-9A (Part Level Submission) Ayayai Corporation purchased machinery on January 1, 2017, at a cost of $250,000. The estimated useful life of the machinery

Problem 9-9A (Part Level Submission)

Ayayai Corporation purchased machinery on January 1, 2017, at a cost of $250,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $24,000. The company is considering different depreciation methods that could be used for financial reporting purposes.

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(a)

Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate.

STRAIGHT-LINE DEPRECIATION
	Computation						End of Year
Years	Depreciable Cost	x	Depreciation Rate		=	Annual Depreciation Expense	Accumulated Depreciation	Book Value
2017	$enter a dollar amount		enter a Depreciation Rate in percentages	%		$enter a dollar amount	$enter a dollar amount	$enter a dollar amount
2018	enter a dollar amount		enter a Depreciation Rate in percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
2019	enter a dollar amount		enter a Depreciation Rate in percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
2020	enter a dollar amount		enter a Depreciation Rate in percentages	%		enter a dollar amount	enter a dollar amount	enter a dollar amount
						$enter a total for the Annual Depreciation Expense column in dollars

DOUBLE-DECLINING-BALANCE DEPRECIATION
	Computation						End of Year
Years	Book Value Beginning of Year	Depreciation Rate		=	Annual Depreciation Expense		Accumulated Depreciation	Book Value
2017	$enter a dollar amount	enter a Depreciation Rate in percentages	%		$enter a dollar amount		$enter a dollar amount	$enter a dollar amount
2018	enter a dollar amount	enter a Depreciation Rate in percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount
2019	enter a dollar amount	enter a Depreciation Rate in percentages	%		enter a dollar amount		enter a dollar amount	enter a dollar amount
2020	enter a dollar amount	enter a Depreciation Rate in percentages	%		7,250	^*	enter a dollar amount	enter a dollar amount
					$enter a total for the Annual Depreciation Expense column in dollars