Calculate depreciation expense for 2012 and 2013 by each of the following methods, showing the figures used.

Calculate depreciation expense for 2012 and 2013 by each of the following methods, showing the figures used.

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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