Question: Problem - Depreciation Methods A machine which cost $500,000 is acquired on January 1, 2017. Its estimated salvage value is $50,000 and its expected life

Problem - Depreciation Methods

A machine which cost $500,000 is acquired on January 1, 2017. Its estimated salvage value is $50,000 and its expected life is eight years.

Instructions

Calculate depreciation expense and complete the following schedules for 2017 and 2018 for each of the following methods.

A. Straight Line Depreciation

B. Sum of the Years Digits

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