1. A new machine costs $42,000 and has a $2000 salvage value at the end of its 8-year useful life. Determine the straight-line (SL), and the double declining balance (DDB) depreciation schedules for the machine.
2. A small manufacturing firm has just purchased a machine for $48,000. The shop manager estimates the machine has a useful life of 5 years and no salvage value. Compute the depreciation schedule using:
   1. Straight-line depreciation
   2. Sum-of-years’-digits depreciation

   c. Double declining balance depreciation (assume any remaining depreciation isclaimed in the last year)

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.