Splish Company purchased Machine #$201$ on May $1,2020.$ The following information relating to Machine #$201$ was gathered at the

end of May.

Price

$$125,800$

Credit terms

$\frac{2}{10},\frac{n}{30}$

Freight$-$in

$$1,184$

Preparation and installation costs

$$5,624$

Labor costs during regular production operations $,$$$15,540$

It is expected that the machine could be used for $10$ years, after which the salvage value would be zero. Splish intends to use the

machine for only $8$ years, however, after which it expects to be able to sell it for $$2,220.$ The invoice for Machine #$201$ was paid May $5,$

Splish uses the calendar year as the basis for the preparation of financial statements.

$($a$)$

Compute the depreciation expense for the years indicated using the following methods.

Depreciation Expense

$(1)$ Straight$-$line method for $2020$

$

$(2)$ Sum$-$of$-$the$-$years'$-$digits method for $2021$

$

$(3)$ Double$-$declining$-$balance method for $2020$ $

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