Question: Please help! The 930 in the last column is the only answer that is incorrect. On January 1, 2018, a machine was purchased for $102.500.

Please help! The 930 in the last column is the only

Please help! The 930 in the last column is the only answer that is incorrect.

On January 1, 2018, a machine was purchased for $102.500. The machine has an estimated salvage value of $7,580 and an estimated useful life of 5 years. The machine can operate for 113,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 22,600 hrs: 2019.28,250 hes: 2020, 16,950 hrs; 2021, 33,900 hrs; and 2022. 11,300 hrs. Your answer is partially correct 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 decimal places, es. 45,892) Year Straight-line Method Sum-of-the-years-digits method Double-declining balance method 2018 14238 23730 30750 $ 2019 18984 26894 28700 2020 18984 20566 17220 2021 18984 14238 10332 2022 18984 7910 6199 2023 4746 1582 930

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