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A Company's Property Records Revealed the Following Information About Its

Question 136

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A company's property records revealed the following information about its plant assets:
 Machine  No.  Cost  Salvage Value  Purchase Date  Depreciation Method and  Estimate Life 1$42,000$3,00010/1/08 Straight-line (3 years) 286,0008,6007/1/08 Double-declining-balance  (5 years) \begin{array} { | c | r | r | r | l | } \hline \begin{array} { c } \text { Machine } \\\text { No. }\end{array} & \text { Cost } & \text { Salvage Value } & \text { Purchase Date } & \begin{array} { c } \text { Depreciation Method and } \\\text { Estimate Life }\end{array} \\\hline 1 & \$ 42,000 & \$ 3,000 & 10 / 1 / 08 & \text { Straight-line (3 years) } \\\hline 2 & 86,000 & 8,600 & 7 / 1 / 08 & \begin{array} { l } \text { Double-declining-balance } \\\text { (5 years) }\end{array} \\\hline\end{array}
Calculate the depreciation expense for each machine for the year ended December 31,2010 and for the year ended December 31,2009.
Machine 1:
2009 _______________________
2010 _______________________
Machine 2:
2009 _______________________
2010 _______________________

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Machine 1:
2009: [($42,000 - $...

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