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

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 $28,000. The estimated useful life was four years, and the residual value was $2,560. Assume that the estimated productive life of the machine was 10,600 hours. Actual annual usage was 4,240 hours in Year 1; 3,180 hours in Year 2; 2,120 hours in Year 3; and 1,060 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.
Complete this question by entering your answers in the tabs below.
Req 1A
Complete a depreciation schedule using the straight-line method.
\table[[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],\table[[Net],[Book Value]]],[At acquisition,,,],[1,,,],[2,,,],[3,,,]]
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