CC9-1 Accounting for the Use and Disposal of Long-Lived Assets (LO 9-3, LO 9-5) (The following information applies to the questions displayed below) Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $22.000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,400 hours; year 2, 2,350 hours; year 3, 2,150 hours, year 4, 2,100 hours; and year 5.1000 hours. CC9-1 Part 1 Required: 1. Complete a 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 Reg 1B Req 10 Required information a. Straight-line. b. Units-of-production c. Double-declining balance Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Complete a depreciation schedule for straight-line method. (Do not round Intermediate calculations. Round your final answers to the nearest dollar amount.) Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Required information 3. Assume NGS sold the hydrotherapy tub system for $6.600 at the end of year 3.The following amounts were forecast for year 3: Sales Revenues $59,000, Cost of Goods Sold $46,000; Other Operating Expenses $4,500, and Interest Expense $900. Create an income statement for year 3 for each of the different depreciation methods, ending at Income before Income Tax Expense. (Don't forget to include a loss or gain on disposal for each method.) (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3 Straight-Line Units-of- Production Double- Declining Balance nces Operating Expenses Total Operating Expenses 0 0