Question: On January 1, 2011, MAC Corporation purchased a machine for $60,000. The machine cost $800 to deliver and $2,000 to install. At the end of

On January 1, 2011, MAC Corporation purchased a machine for $60,000. The machine cost $800 to deliver and $2,000 to install. At the end of 10 years, MAC expects to sell the machine for $2,000. Compute depreciation expense for 2011 and 2012 using the following methods:

1. Double-declining-balance

2. 150% declining-balance

3. Sum-of-the-years’-digits

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