At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $62,000. The estimated residual value was $7.000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 550,000 units. Actual annual production was as follows: Year Units 1 165,000 2 121,000 3 151,250 4 112.750 1 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. Year At acquisition 1 Depreciation Accumulated Net Expense Depreciation Book Value $ 62,000 $ 13.750 $ 13,750 $ 48,250 $ 13.750 $ 27,500 $ 34,500 $ 13,750 $ 41,250 $ 20.750 $ 13.750 $ 55,000 $ 7,000 2 3 4 b. Units-of-production. Year Depreciation Expense At acquisition 1 1 2 Accumulated Net Depreciation Book Value $ 62,000 $ 16,500 $ 45,500 $ 49,900 $ 12,100 $ $ 16,500 12,100 15,125 11,275 $ 3 4 $ c. Double-declining-balance. Year At acquisition 1 Depreciation Accumulated Net Expense Depreciation Book Value $ 62,000 $ 31,000 $ 31,000 $ 31,000 $ 15,500 $ 46,500 $ 15,500 $ 7,750 $ 54,250 $ 7,750 3,875 $ 58,125 $ 3,875: 2 3 4