# A machine costing \$145,800 is purchased on May 1, 2016. The machine is expected to be obsolete after three years (36 months) and thereafter, no longer useful to the company. The estimated salvage value is \$54,00. Compute depreciation expenses for both 2016 and 2017 under each of the following depreciation methods: a. Straight line 2016 & 2017b. Double declining balance 2016 & 2017

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A machine costing \$145,800 is purchased on May 1, 2016. The machine is expected to be obsolete after three years (36 months) and thereafter, no longer useful to the company. The estimated salvage value is \$54,00. Compute depreciation expenses for both 2016 and 2017 under each of the following depreciation methods:
a. Straight line 2016 & 2017
b. Double declining balance 2016 & 2017

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Step 1

Requirement A:

Calculate the depreciation expense for 2016 using straight line method:

Step 2

Calculate the depreciation expense for 2017 using straight line method:

Step 3

Requirement B:

Calculate the depreciation expense for 2016 usin...

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