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Problem 11-11 (Part Level Submission) On January 1, 2015, a machine was purchased for $103,500. The machine has an estimated
Your answer is partially correct. Try again. Assume a fiscal year-end of September 30. Compute the annual depreciation charge
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Answer #1
Year STRAIGHT LINE SUM OF YEAR DOUBLE DIGIT
2015 $ 19,320 $ 32,200 $ 38,640
2016 $ 19,320 $ 25,760 $ 23,184
2017 $ 19,320 $ 19,320 $ 13,910
2018 $ 19,320 $ 12,880 $ 8,346
2019 $ 19,320 $ 6,440 $ 5,008
2020 0 0 0
Year STRAIGHT LINE SUM OF YEAR DOUBLE DIGIT
2015 =(103500-6900)/5 =(103500-6900)*5/15 =(103500-6900)*200%/5
2016 =(103500-6900)/5 =(103500-6900)*4/15 =(103500-6900-D2)*200%/5
2017 =(103500-6900)/5 =(103500-6900)*3/15 =(103500-6900-D3-D2)*200%/5
2018 =(103500-6900)/5 =(103500-6900)*2/15 =(103500-6900-D4-D3-D2)*200%/5
2019 =(103500-6900)/5 =(103500-6900)*1/15 =(103500-6900-D5-D4-D3-D2)*200%/5
2020 0 0 0
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