Jackson Manufacturing acquired a new milling machine on April 1, 2008. The machine has a special component
Question:
Main milling machine:
Purchase price in 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $71,200
Residual value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,200
Estimated useful life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 years
First special component:
Purchase price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $12,000
Residual value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $500
Estimated useful life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 years
Second special component:
Purchase price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16,500
What are the depreciation charges to be recognized for the years
(1) 2008,
(2) 2014, and
(3) 2015?
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