Pebble Beach Company buys a piece of equipment for $51,000. The equipment has a useful life of six years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipment's useful life? (Do not round intermediate calculations.) Multiple Choice $25,500 $8.500 $12.750 $17,000

Sale of Plant Asset Raine Company has a machine that originally cost $58,000. Depreciation has been recorded for four years using the straight-line method, with a $5,000 estimated salvage value at the end of an expected ten-year life. After recording depreciation at the end of four years, Raine sells the machine. Determine the gain or loss in each scenario if the machine sold for: Scenario Gain, Loss, or Neither Amount a. $37,000 cash 0 b. $36,800 cash 0 c. $28,000 cash 0

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PROBLEM 1. The Jason Knife Co. purchased a machine on January 1, 2021. The machine cost $495,000. It had an estimated life of ten years, or 25,000 units, and an estimated residual value of $45,000. In! produced 3,000 units. Jason ao al Required: Compute the depreciation charge for 2021 using each of the following methods: a. double declining balance units of output c. sum of the years' digits d. straight line