Chee! Required information 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 $12,500. The estimated useful life was five years and the residual value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,200 hours: year 2,2,350 hours; year 3, 2,350 hours; year 4, 2.100 hours, and year 5, 1,000 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. 2 3 of 11 !!! Next > Required information Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answ to the nearest dollar amount.) Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Reg 1B > YUCULULUI Complete this question by entering your answers in the tabs below. WALAU Req 1A Req 1B Req 1C Complete a depreciation schedule for units-of-production method. (Do not round intermediate calcular answers to the nearest dollar amount.) Year Depreciation Expense Accumulated led Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Required information Complete this question by entering your answers in the tabs below. 1 of 3 Reg 1A Req 1B Req ich Complete a depreciation schedule for double-declining-balance method. (Do not round intermediate cala final answers to the nearest dollar amount.) Book Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 og - Me Journal entry worksheet View transaction list Journal entry worksheet Help Save & Chec Required information 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 $12.500. The estimated useful life was five years and the residual value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,200 hours: year 2, 2,350 hours; year 3,2.350 hours: year 4, 2,100 hours; and year 5.1,000 hours. CC9-1 Part 3 3. The following amounts were forecast for year 3: Sales Revenues $49.000: Cost of Goods Sold $38,000: Other Operating Expenses $4.900, and Interest Expense $1.000. 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 End Year 3 Required information (Forecasted) Income Statement For the Year Ended Year 3 Straight Line Units-of- Production Double Declining Balance Operating Expenses Total Operating Expenses Prey 11 !!! Next >