# STRAIGHT-LINE, DECLINING-BALANCE, SUM-OF-THE-YEARS’-DIGITS, AND MACRS METHODS A machine is purchased January 1 at a cost of $59,000. It is expected to serve for eight years and have a salvage value of$3,000. 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: (a) Straight-line (b) Double-declining-balance (round to two decimal places) (c) Sum-of-the-years'-digits (round to two decimal places) 2. Assuming a seven-year class of property, compute MACRS depreciation expense for each year of the asset’s life.

### College Accounting, Chapters 1-27 ...

22nd Edition
James A. Heintz + 1 other
Publisher: Cengage Learning
ISBN: 9781305666160

### College Accounting, Chapters 1-27 ...

22nd Edition
James A. Heintz + 1 other
Publisher: Cengage Learning
ISBN: 9781305666160

#### Solutions

Chapter
Section
Chapter 18, Problem 7SPA
Textbook Problem

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