Assume Purity Ice Cream Company, Inc., 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 $152,000. The estimated useful life was four years, and the residual value was $8,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in Year 1; 3,800 hours in Year 2; 3,200 hours in Year 3; and 3,500 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.

Req 1A Req 1B Reg 18 Req 1C Complete a depreciation schedule using the Straight-line method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 Req 1A Req 1B Reg 10 Complete a depreciation schedule using the units-of-production method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition Req 1A Req 1B Req 1C Complete a depreciation schedule using the double-declining-balancem Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 2