Problem 9-09A Ayayai Corporation purchased machinery on January 1, 2022, at a cost of $296,000....
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Problem 9-09A Ayayai Corporation purchased machinery on January 1, 2022, at a cost of $296,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $34,600. The company is considering different depreciation methods that could be used for financial reporting purposes. Your answer is partially correct. Try again. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation End of Year Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense Accumulated Depreciation Book Value 2022 261400 65350 65350 230650 X ERRERERE 2023 65350 130700 165300 2024 65350 196050 196050) 99950 2025 65350 34600 261400
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