Question

19. On September 1, 2015, Higdon Master Meter Company purchased a new bottling machine for $300,000. The bottling machine has an estimated salvage value of $30,000 and a useful life of of five years. Compute the required amounts ($) for each of the following depreciation methods.(Round all answers to the nearest dollar). 1. 150% Declining-Balance 2015 Depreciation Expense:________________ Accumulated Depreciation as of 12/31/2016:________________ Book Value at 12/31/2017:___________________ 2. Sum-of-the-Years'-Digits 2015 Depreciation Expense:________________ Accumulated Depreciation as of 12/31/2016:________________ Book Value at 12/31/2017:___________________ 3. Straight Line 2015 Depreciation Expense:________________ Accumulated Depreciation as of 12/31/2016:________________ Book Value at 12/31/2017:___________________

Answer 1