Problem 10.11: Part a as written, Part b complete the 5 year depreciation schedule for the asset for all four methods (straight line, SYD, DDB, and activity method)

Instructions For each numbered item on the schedule, supply the correct amount. (Round each answer to the nearest dollar.) P10.11 (LO 1) (Depreciation for Partial Periods-SL, ACT, SYD, and DDB) On January 1, 2023, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2023,20,000 hours: 2024,25,000 hours; 2025, 15,000 hours; 2026, 30,000 hours; and 2027, 10,000 hours. Instructions a. Compute the annual depreciation charges over the machine's life assuming a December 31 year-end for each of the following depreciation methods. 1. Straight-line method. 3. Sum-of-the-years'-digits method. 2. Activity method. 4. Double-declining-balance method. b. Assume a fiscal year-end of September 30 . Compute the annual depreciation charges over the asset's life applying each of the following methods. 1. Straight-line method. 3. Double-declining-balance method. 2. Sum-of-the-years'-digits method