Week 4: Depreciation Calculation.

On January 2, 2016, Fischer Company purchases a machine that manufactures a part for one of its key products. The machine cost $264,000 and is estimated to have a useful live of six years, with an expected salvage value of $54,000. Prepare a depreciation schedule for all six years using both Straight Line and Double Declining Balance methods. A model of a depreciation schedule is shown below.

Year	Book value/beginning of the year	Depreciation expense	Accumulated depreciation	book value/end of the year
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6