2026 2027 $ $ SA Assume a fiscal year-end of September 30. Compute the annual depreciation...

Transcribed Image Text:

2026 2027 $ $ SA Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to O decimal places, e.g. 45,892.) Year Straight-line Method Sum-of-the-years'-digits method Double-declining-balance method 2023 $ SA $ $ 2024 2025 2026 2027 2028 3. Sum-of-the-Years'-Digits Method Year 2023 $ SA 2024 $ 2025 $ 2026 $ 2027 EA $ 4. Double-Declining-Balance Method Year 2023 2024 $ SA $ 2025 +A $ 2026 $ 2027. SA $ Current Attempt in Progress On January 1, 2023, a machine was purchased for $100,000. The machine has an estimated salvage value of $5,920 and an estimated useful life of 5 years. The machine can operate for 112,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023, 22,400 hours; 2024, 28,000 hours; 2025, 16,800 hours; 2026, 33,600 hours; and 2027, 11,200 hours. Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round rate per hour to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 45,892.) 1. Straight-line Method $ 2. Activity Method Year 2023 2024 2025 2026 2027 A A +A $ A 3. Sum-of-the-Years'-Digits Method 2026 2027 $ $ SA Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset's life applying each of the following methods. (Round answers to O decimal places, e.g. 45,892.) Year Straight-line Method Sum-of-the-years'-digits method Double-declining-balance method 2023 $ SA $ $ 2024 2025 2026 2027 2028 3. Sum-of-the-Years'-Digits Method Year 2023 $ SA 2024 $ 2025 $ 2026 $ 2027 EA $ 4. Double-Declining-Balance Method Year 2023 2024 $ SA $ 2025 +A $ 2026 $ 2027. SA $ Current Attempt in Progress On January 1, 2023, a machine was purchased for $100,000. The machine has an estimated salvage value of $5,920 and an estimated useful life of 5 years. The machine can operate for 112,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023, 22,400 hours; 2024, 28,000 hours; 2025, 16,800 hours; 2026, 33,600 hours; and 2027, 11,200 hours. Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. (Round rate per hour to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 45,892.) 1. Straight-line Method $ 2. Activity Method Year 2023 2024 2025 2026 2027 A A +A $ A 3. Sum-of-the-Years'-Digits Method