On January a machine was purchased for $ The machine has an estimated salvage value of $ and an estimated useful life of years. The machine can operate for hours before it needs to be replaced. The company closed its books on December and operates the machine as follows: hours; hours; hours; hours; and hours.
Assume a fiscal yearend of September Compute the annual depreciation charges over the asset's life applying each of the following methods. Round answers to decimal places, eg
Year Straightline Method Sumoftheyears'digits method $
Doubledecliningbalance method
