Problem 11-11 (Part Level Submission)On January 1, 2015, a machine was purchased for $101,700. The machine has an estimated salvage value of $6,780 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 22,600 hrs; 2016, 28,250 hrs; 2017, 16,950 hrs; 2018, 33,900 hrs; and 2019, 11,300 hrs.(a)Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. 1. Straight-line method 2. Activity Method 3. Sum of the years digits Method 4. Double Declining Balance Method (Round answers to 0 decimal places, e. g. 45,892.)(b)Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the assets life applying each of the following methods. 1. Straight line Method 2. Sum of the years digits Method 3. Double Declining Method
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Problem 11-11 (Part Level Submission)On January 1, 2015, a machine was purchased for $101,700. The m...
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