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At the beginning of the year, Palermo Brothers, Incorporated, purchased a new plastic water bottle-making machine at a cost of $45,000. The estimated residual value

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At the beginning of the year, Palermo Brothers, Incorporated, 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: 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 a depreciation schedule using the straight-line method. \begin{tabular}{|c|c|c|c|} \hline Year & DepreciationExpense & AccumulatedDepreciation & NetBookValue \\ \hline At acquisition & & & \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & & \\ \hline 4 & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Year & DepreciationExpense & AccumulatedDepreciation & NetBookValue \\ \hline At acquisition & & & \\ \hline 1 & & & \\ \hline 2 & & & \\ \hline 3 & & & \\ \hline 4 & & & \\ \hline \end{tabular}

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