On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $60,000 with a residual value of $4,100.
a-1.Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2011.
a-2.Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2011.
a-3.Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2011.