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Assume Plain Ice Cream Company, Incorporated, in Ithaca, NY , bought a new ice cream production kit ( pasteurizer / homogenizer , Assume Plain Ice

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Assume Plain Ice Cream Company, Incorporated, in Ithaca, NY, bought a new ice cream production kit (pasteurizer/homogenizer, Assume Plain Ice Cream Company, Incorporated, in Ithaca, NY, 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 $22,000. The estimated useful life was four
years, and the residual value was $1,400. Assume that the estimated productive life of the machine was 10,300 hours. Actual annual
usage was 4,120 hours in Year 1; 3,090 hours in Year 2; 2,060 hours in Year 3; and 1,030 hours in Year 4.
Required:
Complete a separate depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Req 1A
Req 1B
Complete a depreciation schedule using the double-declining-balance method.
cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $22,000. The estimated useful life was four
years, and the residual value was $1,400. Assume that the estimated productive life of the machine was 10,300 hours. Actual annual
usage was 4,120 hours in Year 1; 3,090 hours in Year 2; 2,060 hours in Year 3; and 1,030 hours in Year 4.
Complete a separate depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
Complete this question by entering your answers in the tabs below.
Complete a depreciation schedule using the double-declining-balance method.
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