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E8-9 (Algo) Computing Depreciation under Alternative Methods L08-3 Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat,
E8-9 (Algo) Computing Depreciation under Alternative Methods L08-3 Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $32,000. The estimated useful life was four years, and the residual value was $3,400. Assume that the estimated productive life of the machine was 11,000 hours. Actual annual usage was 4,400 hours in Year 1: 3,300 hours in Year 2; 2,200 hours in Year 3; and 1,100 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining balance. Complete this question by entering your answers in the tabs below. Req1A Req 1B Reg 10 Complete a depreciation schedule using the Straight-line method. (Do not round intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 Reg 1A Reg 1B >
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