4 E8-9 (Algo) Computing Depreciation under Alternative Methods LO8-3 Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $30,000. The estimated useful life was four years, and the residual value was $2,180. Assume that the estimated productive life of the machine was 10,700 hours. Actual annual usage was 4,280 hours in Year 1; 3,210 hours in Year 2; 2,140 hours in Year 3; and 1,070 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. X Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Complete a depreciation schedule using the Straight-line method. (Do not round intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value 30,000 $ At acquisition 1 $ 6,955$ 6,955$ 6,955 $ 2 $ 13,910$ 20,865 $ 23,045 16,090 9,135 3 $ 6,955$ 4 $ 6,955$ 27,820$ 2,180 Reg 1A Req 1B > E8-9 (Algo) Computing Depreciation under Alternative Methods LO8-3 Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $30,000. The estimated useful life was four years, and the residual value was $2,180. Assume that the estimated productive life of the machine was 10,700 hours. Actual annual usage was 4,280 hours in Year 1; 3,210 hours in Year 2; 2,140 hours in Year 3; and 1,070 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. X Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 10 Complete a depreciation schedule using the units-of-production method. (Use two decimal places for the factor. Do not round intermediate calculations.) unit outpu Year Depreciation Expense Accumulated Depreciation Net Book Value 30,000 At acquisition $ 1 2 3 4 E8-9 (Algo) Computing Depreciation under Alternative Methods LO8-3 Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $30,000. The estimated useful life was four years, and the residual value was $2,180. Assume that the estimated productive life of the machine was 10,700 hours. Actual annual usage was 4,280 hours in Year 1; 3,210 hours in Year 2; 2,140 hours in Year 3; and 1,070 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 1C Complete a depreciation schedule using the double-declining-balance method. (Do not round intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value 30,000 $ At acquisition 1 15,000 $ 15,000 $ $ $ 15,000 7,500 2 22,500 $ 7,500 $ 3,750 $ 3 $ 26,250 $ 3,750 4