Please let me know if you can help on this question. Please note the date of purchase is Jan 2nd.

Session 6 Problem 1 The Primark Company purchased a machine on January 2, 2010 and uses the 150%-declining-balance depreciation method. The machine has an expected life of 10 years and an expected residual value of $5,000. The following costs relate to the acquisition and use of the machine during the first year of its operations: Invoice price Discounts available and taken Freight Installation Testing Normal spoilage of materials during the year Abnormal spoilage of materials during the year Wages of machine operator $50,000 1,000 700 900 1,100 750 250 15,000 Required: Compute the depreciation expense for 2010 and 2011. Page 1 of 1