Required:

a$.$ Using straight$-$line depreciation, calculate the depreciation expense to be recognized in the first year of the machine's life and

calculate the accumulated depreciation after the fifth year of the machine's life.

b$.$ Using declining$-$balance depreciation at twice the straight$-$line rate, calculate the depreciation expense for the third year of the

machine's life.

c$.$ What will be the net book value of the machine at the end of its ten year of use before it is disposed of$,$ under each depreciation

method?

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Req A to B

a$.$ Using straight$-$line depreciation, calculate the depreciation expense to be recognized in the first year of the machine's life

and calculate the accumulated depreciation after the fifth year of the machine's life.

b$.$ Using declining$-$balance depreciation at twice the straight$-$line rate, calculate the depreciation expense for the third year of

the machine's life.