On January $2,2024,$ Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $\backslash (\backslash$$ $70,000\backslash )$ with an estimated residual value of $\backslash (\backslash$$ $8,750\backslash ).$

Required:

a$-1.$ Prepare a complete depreciation table under the straight$-$line method. Assume that a full year of depreciation was taken in $2024.$

a$-2.$ Prepare a complete depreciation table under the $200$ percent declining$-$balance method. Assume that a full year of depreciation was taken in $2024.$

a$-3.$ Prepare a complete depreciation table under the $150$ percent declining$-$balance with a switch to straight$-$line when it will maximize depreciation expense.

Assume that a full year of depreciation was taken in $2024.$ On January $2,2024,$ Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $\backslash (\backslash$$ $70,000\backslash )$ with an estimated residual value of $\backslash (\backslash$$ $8,750\backslash ).$

Required:

Note: Use the cells A$2$ to C$6$ from the above information to complete this question.

a$-1.$ Prepare a complete depreciation table under the straight$-$line method. Assume that a full year of depreciation was taken in $2024.$ a$-2.$ Prepare a complete depreciation table under the $200$ percent declining$-$balance method.

Assume that a full year of depreciation was taken in $2024.$

a$-3.$ Prepare a complete depreciation table under the $150$ percent declining$-$balance with a switch to straight$-$line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in $2024.$