(Answered) Question - calculate depreciationa machine cost 800000 on

Accounting

Question - Calculate depreciation

A machine cost $800,000 on April 1, 2014. Its estimated salvage value is $80,000 and its expected life is eight years.

Instructions

(1) Calculate the depreciation expense (to the nearest dollar) by each of the following methods, showing the figures used.

(a) Straight-line for 2014

(b) Double-declining balance for 2015

(2) Which method would result in the smallest income amount for 2015?

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