At the beginning of the year jimmy jones company purchased a machine for $35,000. The following expenditures were incurred. . Freight = $ 1,200 .Insatallation = 1,200 .property tax on the machine for the first year = $ 750 The machine is estimated to have a useful life of 7 years and a residual value of $2,500 1. What is the initial cost of the machine? 2.what is the double decling depreciation of year 1 and 2? 3.What is the straight line depreciation of year 1 and year 2? 4.If Jimmy decides to sum of the years digits depreciation, what is the depreciation of year 1 and year 2.?

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