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accounting Required information [The following information applles to the questions displayed below.] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the
accounting
Required information [The following information applles to the questions displayed below.] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $15,500. The estimated useful life was five years and the residua: value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,350 hours; year 2, 2,500 hours; year 3,2,050 hours; year 4,2,100 hours; and year 5,1,000 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. a. Straight-fine. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs Complete a depreciation schedule for straight-line method. (Do not ro to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for units-of-production method. (Do not roun answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for double-declining-balance method. (Do not ro final answers to the nearest dollar amount.) Step by Step Solution
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