E8-11 Computing Depreciation under Alternative Methods L08-3 At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $62,000. The estimated residual value was $7,000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 550,000 units. Actual annual production was as follows: Year Units 165,000 2 121.000 3 151.250 112.750 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line Year Depreciation Expense Accumulated Net Depreciation Book Value At acquisition 2 3 4 b. Units-of-production. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 c. Double-declining-balance. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4