b

Plastic Works Corporation bought a machine at the beginning of the year at a cost of $12.000 The estimated useful life was the your and the residual value was $2,000. Assume that the estimated productive life of the machine is 10.000 units Expected and production was year 1, 3,000 units, year 2. 3,000 units, year 3, 2000 units, year 4.1.000 units, and year 5, 1000 units Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount) a. Straight-line Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 b. Units-of-production. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 c. Double-declining-balance. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 2-a. Which method will result in the highest net income in year 2? O Straight-line O Double-declining-balance O Units-of-production 2-a. Which method will result in the highest net income in year 2? Straight-line O Double-declining balance O Units of production 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? O No O Yes