E8-9 LO8-3 Computing Depreciation under Alternative Methods Assume Purity Ice Cream Company, Inc., in Ithaca, NY, bought a new ice cream maker at the begin- ning of the year at a cost of $9,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours in Year 1; 3,800 hours in Year 2; 3,200 hours in Year 3; and 3,500 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar. a. Straight-line. b. Units-of-production (use four decimal places for the per unit output factor). c. Double-declining-balance. Method: Depreciation Expense Net Book Value Accumulated Depreciation Computation Year At acquisition 2 etc. 2. Assuming that the machine was used directly in the production of one of the products that the company manufactures and sells, what factors might management consider in selecting a preferable depreciation method in conformity with the expense principle