A company bought a piece of equipment for $47,200 and expects to use it for eight years. The company then plans to sell it for $5,000. The company has already recorded depreciation of $40,899.57. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine