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Depreciation Schedule Assume Purity Ice Cream Company, Inc., in Ithaca, NY, bought a new ice cream maker at the beginning of the year at a
Depreciation Schedule
Assume Purity Ice Cream Company, Inc., in Ithaca, NY, bought a new ice cream maker at the beginning of the year at a cost of $9,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usae was 5,500 hours in Year 1;3,800 hours in Year 2: 3.200 hours in Year 3; and 3 500 hours in Year Required: 1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) a. Straight-line. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 D. Units-of-production (use four decimal places for the per unit output factor). Yer Depreciation Expense Accumulated Depreciation N et Book Value Al acquisition c. Double declining-balance. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 2 3 4 References eBook & Resources Worksheet Check my w 1217 PM
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