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Crazy Cappuccino purchased a coffee drink machine on January 1 2024 for $35,000 Expected useful life is 10 years or 50,000 drinks. In 2024, 5,000
Crazy Cappuccino purchased a coffee drink machine on January 1 2024 for $35,000 Expected useful life is 10 years or 50,000 drinks. In 2024, 5,000 dinks were poldand in 2025, 18,000 drinks were sold Residual value is $6.000 Read the requirements Requirement 1. Determine the depreciation expense for 2024 and 2025 using the following methods (a) Straight-live (SL), (b) Units of production (UOP), and (c) Double-declining balance (008) For each method (starting with (a) the straight-line method), select the appropriate formula ooded to compute annual depreciation and then determino dopreciation expense under that method for 2024 and 2026. (Round any depreciation expense per unit amounts to the nearest cent and all other amounts to the nearest whole doll) Annual Depreciation Formula 2024 2025 a SL (Cost Resduw value) - Ubotul life $ 3.0005 3.000 b, (Cost Residual value) - Useful life in units) Current year ago 5 3,000 $ 10.800 CODE
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