Consider the Following: A. Regent Corp. Bought a Machine Costing $22,400 on January

Essay

Consider the following:
a. Regent Corp. bought a machine costing $22,400 on January 1, 2016. A six-year life was estimated, and a $1,400 residual value was expected. The sum-of-the-years'-digits depreciation method was used.
Compute depreciation expense for 2020.
b. The company bought a machine costing $50,000 on January 1, 2016 A six-year life was expected, and residual value was estimated to be $8,000. The 150%-declining-balance depreciation method was used.
Compute depreciation expense for 2017.