Massey Company’s property records revealed the following inf…
Massey Company’s property records revealed the following information about its plant assets: Machine number Cost Salvage Value Purchase Date Estimated Life Depreciation Method A $ 82,000 $ 8,000 January 1 4 years Straight-line B 46,000 3,600 July 1 5 years Double-declining balance Calculate the following: -Depreciation expense on Machine A in Year 1: -Net book value of Machine A at the End of Year 2: -Net book value of Machine B at the End of Year 1: -Accumulated Depreciation on Machine B at the end of Year 2: