Problem
The RX Drug Company has just purchased a capsulating machine for $76,000. The plant engineer estimates the machine has a useful life of 5 years and no salvage value. Compute the depreciation schedule using:
(a) Straight-line depreciation
(b) Sum-of-years'-digits depreciation
(c) Double declining balance depreciation (assume any remaining depreciation is claimed in the last year).
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.