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Question 1 2 Partially correct Mark 5 . 0 0 out of 1 0 . 0 0 Flag question Depreciation Methods A machine costing $

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Question 12 Partially correct
Mark 5.00 out of 10.00
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Depreciation Methods
A machine costing $307,800 was purchased May 1. The machine should be obsolete after three years and, therefore, no longer useful to the company. The estimated salvage value is $5,400. Calculate the depreciation expense for each year of its expected useful life using each of the following depreciation methods: (a) straight-line, (b) double-declining balance. For double-declining balance, do not round until your final answer. Round your final answers to the nearest dollar.
\table[[a. Straight-line:],[Year 1:,$,67200],[Year 2:,,100800],[Year 3:,,100800],[Year 4:,,33600],[b. Double-declining balance:],[Year 1:,$,],[Year 2:],[Year 3:,,],[Year 4:,,]]
Marks for this submission: 5.0010.00.
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