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Waterway Company purchased Machine # 2 0 1 on May 1 , 2 0 2 0 . The following information relating to Machine # 2

Waterway Company purchased Machine #201 on May 1,2020. The following information relating to Machine #201 was gathered at
the end of May.
It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Waterway intends to use the
machine for only 8 years, however, after which it expects to be able to sell it for $2,070. The invoice for Machine #201 was paid May 5,
Waterway 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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