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A machine cost $1,048,000 on April 1, 2020. Its estimated salvage value is $98,000 and...

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Accounting

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A machine cost $1,048,000 on April 1, 2020. Its estimated salvage value is $98,000 and its expected life is 4 years. Calculate the depreciation expense by straight-line for 2020. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation expenses Calculate the depreciation expense by double-declining balance for 2021. (Round answer to o decimal places, e.g. 5,275.) Depreciation expenses Calculate the depreciation expense by sum-of-the-years'-digits for 2021. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation expenses Which method would result in the smallest income amount for 2021? e Show Work is REQUIRED for this question: Open Show Work

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