Jalson Corporation_Depreciation Methods

 On January 2, 2015, Jalson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $110,000 with an estimated residual value of $8,000.

a-1. Prepare a complete depreciation table under the straight line method. Assume that a full year depreciation was taken for 2015.

a-2. Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year depreciation was taken for 2015.

a-3 Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight line when it will maximise depreciation expense. Assume that a full year depreciation was taken for 2015.