Problem #$1-$ Depreciation Example $30$ points

S Company purchased a fabricating machine on January $1,2006,$ at net cost of $$500,000$

Estimates a $4-$year useful life

Salvage value $=$$$25,000$

Fiscal year ends December $31^($st $)$

Estimate machine hours $25,000$

Actual machine hours

Compute Depreciation Expense for $2006$ through $2009$ using the following methods:

a$.$ Sum of the years digits

b$.$ Double declining balance

$($Complete the schedules below$)$

If an amount is $$0,$ indicate $$0-$ DO NOT LEAVE DEPRECIATION EXPENSE BOX BLANK