Question 7 : Please don't use excel, solve by hand, using formula and step wise.

Again remember, Don't use Excel please.

7. balance method. A machine was purchased of $50000 and placed in service. It has an estimated market value of $10000 at the end of its useful life of 15 years. Compute the depreciation amount in the fourth year and the Book value at the end of six years by using (a) straight line method (b) Declining Balance method (c) Double Declining Balance method. A 5 vear old machine having original cost $10000 has a book value of $6000 at the end of one-half of its 8