On January 1, 20X1, Stern Company (a calendar year corporation) purchased a heavy-duty machine having an invoice price of $13,000 plus transportation and installation costs of $3,000. The machine is

On January 1, 20X1, Stern Company (a calendar year corporation) purchased a heavy-duty machine having an invoice price of $13,000 plus transportation and installation costs of $3,000. The machine is estimated to have a 4-year useful life and a $1,000 residual value. Assuming the company uses the declining-balance method depreciation and a 150% acceleration rate, complete the following schedule (round to the nearest dollar).


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