Question
At the beginning of the year, Palermo Brothers, Incorporated, purchased a new plastic water bottle-making machine at a cost of $44,000. The estimated residual value
At the beginning of the year, Palermo Brothers, Incorporated, purchased a new plastic water bottle-making machine at a cost of $44,000. 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 390,000 units. Actual annual production was as follows:
Year | Units |
---|---|
1 | 117,000 |
2 | 85,800 |
3 | 107,250 |
4 | 79,950 |
Required:
1. Complete a separate depreciation schedule for each of the alternative methods.
- Straight-line.
- Units-of-production.
- 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.
|
Complete this question by entering your answers in the tabs below.
- Req 1A
- Req 1B
- Req 1C
Complete a depreciation schedule using the units-of-production method.
Note: Use two decimal places for the per unit output factor.
|
Complete this question by entering your answers in the tabs below.
- Req 1A
- Req 1B
- Req 1C
Complete a depreciation schedule using the double-declining-balance method.
|
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