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LO9-3 EXERCISE 9.4 Depreciation Methods On January 2, 2015, Jatson Corporation acquired a new machine...

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Accounting

image LO9-3 EXERCISE 9.4 Depreciation Methods On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with an estimated residual value of $5,000. a. Prepare a complete depreciation table under the three depreciation methods listed below. Use a format similar to the illustrations in Exhibits 9-4, 9-5, and 9-6. In each case, assume that a full year of depreciation was taken in 2015 . 1. Straight-line. 2. 200 percent declining-balance. 3. 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. b. Comment on significant differences or similarities that you observe among the patterns of depreciation expense recognized under each of these methods

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