Swanson & Hiller, Inc. purchased a new machine on September 1, 2012 at a cost of $108,000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $8,000.

QUESTION:

a. Prepare a complete depreciation schedule, beginning with calendar year 2012, under each of the methods listed below (assume that the half-year convention is used):

1. straight-line
2. 200 percent declining-balance
3. 150 percent declining-balance, switching to straight-line when that maximizes the expense.