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21) A machine was purchased on April 1,2020 for $900,000. It's estimated salvage value is...

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Accounting

21) A machine was purchased on April 1,2020 for $900,000. It's estimated salvage value is $90,000 and it's expected life is five years.
A) Calculate the depreciation expense (to the nearest dollar) using each of the following methods. Remember to show your work!
a. Straight-line for 2020 and 2021.
b.Double-declining balance for 2020 and 2021
c.Sum-of-the-year's-digits for 2020 and 2021
B) Which method would result in the smallest income amount for 2020?

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