E$9-16($Algo$)$ Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio $[$LO $9-3,$ LO $9-7]$

unset Unlimited bought a machine for $$71,000$ cash. The estimated useful life was five years and the estimated residual value was $$8,000.$ Assume that the estimated useful life in productive units is $159,000.$ Units actually produced were $42,400$ in year $1$ and $47,700$ in year $2.$

Required:

Determine the appropriate amounts to complete the following schedule.

$2-$a$.$ Which method would result in the lowest net income for year $1?$

$2-$b$.$ Which method would result in the lowest net income for year $2?$

Which method would result in the lowest fixed asset turnover ratio for year $1?$

Complete this question by entering your answers in the tabs below.

Req $1$

Req $2A$

Req $3$

Determine the appropriate amounts to complete the following schedule. $($Do not round intermediate calculations. Round final answers to the nearest whole dollar.$)$

$\backslash$table$[[\backslash$table$[[$Method of Depreciation$],[$Straight$-$line$]],$Depreciation Expense,Book Value at the End of$],[$Year $1,$Year $2,$Year $1,$Year $2],[$$$,12,600,$$$,12,600,$$$,58,400,$$$,45,800],[$Units$-$of$-$production,,,,,,,,$],[$Double$-$declining$-$balance,$$,28,400,$$$,17,040,$$$,42,600,$$$,25,56]]$