Question: P 1 0 . 1 1 B Modified ( LO 1 ) ( Depreciation for Partial Periods SL , Act., SYD , and DDB )

P10.11B Modified (LO 1)(Depreciation for Partial PeriodsSL, Act., SYD, and DDB) On January 1,2022, a machine was purchased for $155,000. The machine has an estimated salvage value of $11,000 and an estimated useful life of 9 years. The machine can operate for 300,000 hours before it needs to be replaced. Instructions Part 1: Assume that the company closes its books on December 31 and operates the machine according to the following schedule: For the Year Ending Dec. 31, Hours Operated 202235,000202342,000202440,000202539,000202637,000202735,000202832,000202924,000203016,000 Total 300,000 a. Compute the annual depreciation charges over the machines useful life for each of the following methods: 1. Straight-line method. 2. Sum-of-the-years-digits method. 3. Double-declining-balance method. 4. Activity method. Part 2: Assume that the company closes its books on March 31. b. Compute the annual depreciation charges over the machines useful life for each of the following methods: 1. Straight-line method. 2. Sum-of-the-years-digits method. 3. Double-declining-balance method.

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