A Special Machine Was Acquired on January 1,2001 That Cost

A special machine was acquired on January 1,2001 that cost $66,000.Estimated life was 5 years (or 50,000 units of output) and residual value $6,000.Complete the following: $\begin{array}{llc}\hline && &\text { Carrying Value } \\&& \text { Amortization } & \text { at December 31, } \\&&&2002\\&\text { Amortization Method }&\text { Expense for } 2002\\&\text { (a) Straight-line. }&\$\_\_\_&\$\_\_\_\end{array}$ (b) Sum-of-the-years'-digits. $\quad$ $___ $\quad$ $___ (c) Declining balance. $\quad$ $___ $\quad$ $___ (d) Productive output (output 2001; 6,000 ; 2002,5,000 ).... $\quad$ $___ $\quad$ $___

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(a) Straight-line: ($66,000 - $6,000)/5 ...

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