StraightLine DecliningBalance SumOfTheYearsDigits and MACRS Methods A machine is purchased January 1 at a cost of 59000 It is expected to serve for eight years and have a salvage value of 3000 Required 1 Prepare a schedule showing depreciation for each of the eight years and the book value at the end of each year using the following methods Question Content Area a Straightline blank StraightLine Method Year Annual Depreciation Ending Book Value 1 fill in the blank 1039b40ce04e06a1 fill in the blank 1039b40ce04e06a2 2 fill in the blank 1039b40ce04e06a3 fill in the blank 1039b40ce04e06a4 3 fill in the blank 1039b40ce04e06a5 fill in the blank 1039b40ce04e06a6 4 fill in the blank 1039b40ce04e06a7 fill in the blank 1039b40ce04e06a8 5 fill in the blank 1039b40ce04e06a9 fill in the blank 1039b40ce04e06a10 6 fill in the blank 1039b40ce04e06a11 fill in the blank 1039b40ce04e06a12 7 fill in the blank 1039b40ce04e06a13 fill in the blank 1039b40ce04e06a14 8 fill in the blank 1039b40ce04e06a15 fill in the blank 1039b40ce04e06a16 Feedback Area Feedback Straightline method Cost Salvage Value Years of Life Annual Depreciation Ending book value is Cost less Accumulated Depreciation and the amount cannot be reduced by more than the salvage value Question Content Area b Doubledecliningbalance round to two decimal places blank DoubleDecliningBalance Method Year Annual Depreciation Ending Book Value 1 fill in the blank 906675fc1fadf801 fill in the blank 906675fc1fadf802 2 fill in the blank 906675fc1fadf803 fill in the blank 906675fc1fadf804 3 fill in the blank 906675fc1fadf805 fill in the blank 906675fc1fadf806 4 fill in the blank 906675fc1fadf807 fill in the blank 906675fc1fadf808 5 fill in the blank 906675fc1fadf809 fill in the blank 906675fc1fadf8010 6 fill in the blank 906675fc1fadf8011 fill in the blank 906675fc1fadf8012 7 fill in the blank 906675fc1fadf8013 fill in the blank 906675fc1fadf8014 8 fill in the blank 906675fc1fadf8015 fill in the blank 906675fc1fadf8016 Feedback Area Feedback Doubledecliningbalance method Depreciation Rate 100 life x 2 Book Value Annual Depreciation Doubledecliningbalance is double the rate of the straightline method Salvage value is not considered Ending book value is Cost less Accumulated Depreciation and the amount cannot be reduced by more than the salvage value Question Content Area c Sumoftheyearsdigits round to two decimal places blank SumOfTheYearsDigits Method Year Annual Depreciation Ending Book Value 1 fill in the blank ede3f1fff069fcf1 fill in the blank ede3f1fff069fcf2 2 fill in the blank ede3f1fff069fcf3 fill in the blank ede3f1fff069fcf4 3 fill in the blank ede3f1fff069fcf5 fill in the blank ede3f1fff069fcf6 4 fill in the blank ede3f1fff069fcf7 fill in the blank ede3f1fff069fcf8 5 fill in the blank ede3f1fff069fcf9 fill in the blank ede3f1fff069fcf10 6 fill in the blank ede3f1fff069fcf11 fill in the blank ede3f1fff069fcf12 7 fill in the blank ede3f1fff069fcf13 fill in the blank ede3f1fff069fcf14 8 fill in the blank ede3f1fff069fcf15 fill in the blank ede3f1fff069fcf16