Boscan Corporation purchased machinery on January 1, 2014, at a cost of $270,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $26,000. The company is considering different depreciation methods that could be used for financial reporting purposes. Collapse question part (a) Partially correct answer. 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. (Round answers to 0 decimal places, e.g. 125.) STRAIGHT-LINE DEPRECIATION
Computation : Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense End of Year :Accumulated Depreciation Book Value.