A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000, and its expected life is eight years. Required: Calculate depreciation expense for 2012 and 2013 by each of the following methods, showing the figures us

A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000, and its expected life is eight years. Required: Calculate depreciation expense for 2012 and 2013 by each of the following methods, showing the figures us

A machine which cost $300,000 is acquired on October 1, 2012. Its estimated salvage value is $30,000, and its expected life is eight years.
Required:
Calculate depreciation expense for 2012 and 2013 by each of the following methods, showing the figures used.
(a) Double-declining balance
(b) Sum-of-the-years’-digits


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