E8-9 (Algo) Computing Depreciation under Alternative Methods LO8-3 Assume Plain Ice Cream Company, Incorporated, in lthaca, NY, bought a new ice cream production kit (pasteurizerinomogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $20,000. The estimated useful life was four years, and the residual value was $2,360. Assume that the estimated productive life of the machine was 9,800 hours. Actual annual usage was 3,920 hours in Year 1; 2,940 hours in Year 2;1,960 hours in Year 3; and 980 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the altemative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule using the stralght-line method. E8-9 (Algo) Computing Depreciation under Alternative Methods LO8-3 Assume Plain Ice Cream Company, Incorporated, in Ithaca, NY, bought a new ice cream production kit (pasteurizerihomogenizer. cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $20,000. The estimated useful life was four years, and the residual value was $2,360. Assume that the estimated productive life of the machine was 9,800 hours. Actual annual usage was 3,920 hours in Year 1; 2,940 hours in Year 2;1,960 hours in Year 3; and 980 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. Complete a depreciation schedule using the units-of-production method. Note: Use two decimal places for the per unit output factor. Do not round intermediate calculations. E8-9 (Algo) Computing Depreciation under Alternative Methods LO8-3 Assume Plain Ice Cream Company, Incorporated, in lthaca, NY, 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 $20,000. The estimated useful life was four years, and the residual value was $2,360. Assume that the estimated productive life of the machine was 9,800 hours. Actual annual usage was 3,920 hours in Year 1;2,940 hours in Year 2;1,960 hours in Year 3; and 980 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. Complete a depreciation schedule using the double-declining-balance method
