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Sunland Company purchased Machine #201 on May 1, 2025. The following information relating to Machine #201 was gathered at the end of May. Price $107,100

Sunland Company purchased Machine #201 on May 1, 2025. The following information relating to Machine #201 was gathered at the end of May.

Price $107,100
Credit terms 2/10, n/30
Freight-in $1,008
Preparation and installation costs $4,788
Labor costs during regular production operations $13,230

It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Sunland intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1,890. The invoice for Machine #201 was paid May 5, 2025. Sunland 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 2025

$enter a dollar amount

2.

Sum-of-the-years'-digits method for 2026

$enter a dollar amount

3.

Double-declining-balance method for 2025

$enter a dollar amount

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