Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E8-8 Computing Depreciation under Alternative Methods LO8-3 E8-8 Computing Depreciation under Alternative Methods LO8-3 Purity Ice Cream Company bought a new ke crear maker at

E8-8 Computing Depreciation under Alternative Methods LO8-3 image text in transcribed
image text in transcribed
E8-8 Computing Depreciation under Alternative Methods LO8-3 Purity Ice Cream Company bought a new ke crear maker at the beginning of the year at a cost of 57600. The estimated useful life was four years, and the residus value was $100 Assume that the estimated productive life of the machine was 10,000 hours Actual annun usage was 3,600 hours in yout2.00 hours in year 2.1900 hours in your and 1700 hours in year 4. Required: 1a. Complete a separate depreciation schedule by using straightine method. Round your answers to the nearest dollar amount Make sure that the carrying amount at the end of year is cost to the residual al Depreciation expense for the last period should be calculated as Carrying value of 3d years residual value) $ MoQu. 1 2 3 7.800 5.00 4200 2.500 400 4 troc 1. Complete separate depreciation schedule by using Units of production method (ound your answers to the nearest do amount Make sure that the carrying at the end of year 4 ls equal to the residual value Depreciation expense for the last period should be calculated as Carrying value of dyear minus residual AL 1 2 4 1b. Complete a separate depreciation schedule by using Unts of production method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value) Der AL COM 1 2 4 1. Complute a separate depreciation schedule by using Double declining tarce method found your answers to the nearest dotar amount. Make sure that the carrying amount at the end of your 4 is equal to the residual value Depreciation expense for The last period should be calculated as Carrying value of 3rd year minus residual value) pe Carine Amount Alaquation 1 2 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EPA Should Improve Timeliness For Resolving Audits Under Appeal

Authors: U.S. Environmental Protection Agency

1st Edition

1500105783, 978-1500105785

More Books

Students also viewed these Accounting questions

Question

Be familiar with the major components of and types of networks

Answered: 1 week ago

Question

c. What were you expected to do when you grew up?

Answered: 1 week ago

Question

4. Describe how cultural values influence communication.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago