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E9-16 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO
E9-16 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] Copper Corporation bought a machine for $84,000cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the estimated useful life in productive units is 177.000 . Units actually produced were 47,200 in year 1 and 53,100 in year 2 Required: Required: 1. Determine the approprlate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1 ? Complete this question by entering your answers in the tabs below. Determine the appropriate amounts to complete the following schedule. \{Do not round intermediate calculations. Round final answers to the nearest whole dollar
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