Straight-Line, Declining-Balance, Sum-Of-The-Years'-Digits, and MACRS Methods A machine is purchased January 1 at a cost of $59,000. It is expected to serve for eight years and have a salvage value of $3,000. Required: 1. Prepare a schedule showing depreciation for each of the eight years and the book value at the end of each year using the following methods: a. Straight-line Straight-Line Method Annual Ending Year Depreciation Book Value 1 2 3 4 6. 8 b. Double-declining-balance (round to two decimal places) Double-Declining-Balance Method Annual Ending Year Depreciation Book Value 2 3 4 6. 8 c. Sum-of-the-years'-digits (round to two decimal places) Sum-Of-The-Years'-Digits Method Annual Ending Year Depreciation Book Value 3 4 5. 6. 7.

Subject: acounting

Comparing Theee Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $233,400. The equipment was expected to have a useful ife of three years, or 6,300 operating hours, and a residual value of $19,200. The equipment was used for 2,520 hours during Year 1, 1,953 hours in Year 2, and 1,827 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, Year 1, Year 2, Vear 3, by (a) the straight-ine method, (b) the unite-of- activity method, and (e) the double-decining-balance method, Also determine the total depreciation expense for the three years by each method. Note: For all methods, round the answer for each year to the nearest whole dollar. Depreciation Expense Straight-Line Nethod Units-of-Activity Method Double-Declining-Balance Method Year Year 1 Year 2 Year 3 Total 2. What method yields the highest depreciation expense for Year 17 3. What method ylelds the most depreciation over the three-year…

Becker Office Service purchased a new computer system on January 1, Year 1, for $33,400. It is expected to have a five-year useful life and a $3,700 salvage value. Becker Office Service expects to use the computer system more extensively in the early years of its life. Required a. Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation. b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. d. Assume that Becker Office Service sold the computer system at the end of the fourth year for $20,500. Compute the amount of gain or loss using each depreciation method. Complete this question by entering your answers in the tabs below. Required A Required B Required D Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. Note: Enter all amounts as positive values. Do not round intermediate calculations.…