On January 2, 2009, Vanowen Company Purchased a Machine for $80,000

On January 2, 2009, Vanowen Company purchased a machine for $80,000. The machine has an eight-year estimated useful life and an $8,000 estimated residual value. In addition, the company expects to use the machine 200,000 hours. Assuming that the machine was used 35,000 hours during 2010, complete the following chart. If a figure cannot be determined, indicate so by placing an X in the box. (Show your work.)
$\begin{array}{|l|l|l|}\hline \text { Method } & \text { Depreciation Expense for 2010 } & \text { Carrying Value at 12/31/10 } \\\hline \text { Straight-line } & & \\\hline \text { Production } & & \\\hline \text { Double-declining-balance } & &\\\hline\end{array}$

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a $80,000 - $8,000 = $72,000...

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