1,2 & 3

1 B D E Q2 Alladin Company purchased Machine #201 on May 1, 2020. The following information relating to Machine #201 was gathered at the end of May. 2 3 Price 4 $1,686,000 $78,000 $18,200 $214,100 5 Freight-in costs Prep and installation costs Labor costs during regular production operations 6 7 8 9 Alladin intends to use the machine only 12 years, however, 10 after which it expects to be able to sell it for $27,200 The invoice for Machine #201 was paid 11 May 1, 2020. Alladin uses the calendar year as the basis for the preparation of financial statements. 19 D B E 14 (1) Compute the depreciation expense for the years indicated using the straight-line method for 2020. (Round to the nearest dollar) 15 16 17 18 19 20 21 22 23 (2) Compute the depreciation expense for the years indicated using the sum-of-years'-digits method 24 for 2021. (Round to the nearest dollar) 25 26 27 28 29 30 31 32 33 34 (3) Compute the depreciation expense for the years indicated using the double-declining balance 35 method for 2020 and 2021 (Round to the nearest dollar) Depreciation Depreciation Partial Year