Exercise 252 a-b

Ermler Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.

Compute annual depreciation for the first and second years using theStraight-line method.

Straight-Line method year1# $______ Year2# #_____

Compute annual depreciation for the first and second years using theDouble-declining-balance method.

Double-declining-balance method Year1#____ _ Year 2#_____