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Can you please answer for all three, Straight-line, Units-of-production, and Double-declining-balance Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer,
Can you please answer for all three, Straight-line, Units-of-production, and Double-declining-balance
Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $28,000. The estimated useful life was four years, and the residual value was $1,840. Assume that the estimated productive life of the machine was 10,900 hours. Actual annual usage was 4,360 hours in Year 1; 3,270 hours in Year 2; 2,180 hours in Year 3; and 1,090 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Answer is not complete. Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 1C Complete a depreciation schedule using the Straight-line method. (Do not round intermediate calculations Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition $ 28,000 to $ 6,540 $ $ 2 es as as 6,540 6,540 6,540 6,540Step by Step Solution
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