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At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle-making machine at a cost of $45,000. The estimated residual value
At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle-making machine at a cost of $45,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years and the estimated productive life of the machine was 400,000 units. Actual annual production was as follows: Year Units 1 120,000 2 90,000 3 110,000 4 80,000 Required: 1. 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 Req 1B Req 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 Req 1A Req 1B Req 1c Complete a depreciation schedule using the units-of-production method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 Req 1A Req 1B Req 1C Complete a depreciation schedule using the double-declining-balance Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4
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