6) A machine with a 5-year life and salvage value of $100 is purchased for $6,100 on July 1, 2013. Determine the annual depreciation and year-end book value for each year under sum- of-the-years-digits (SYD) method (show your calculations and your results on the following table).

6) A machine with a 5-year life and salvage value of $100 is purchased for $6,100 on July 1, 2013. Determine the annual depreciation and year-end book value for each year under sum- of-the-years-digits (SYD) method (show your calculations and your results on the following table).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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6) A machine with a 5-year life and salvage value of $100 is purchased for $6,100 on July 1,
2013. Determine the annual depreciation and year-end book value for each year under sum-
of-the-years-digits (SYD) method (show your calculations and your results on the following
table).
Year
Depreciation expense
Year-end Book Value
2013
2014
2015
2016
2017
2018

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