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E9-6 Computing Depreciation under Alternative Methods LO 9-3] Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $31,000.
E9-6 Computing Depreciation under Alternative Methods LO 9-3] Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $31,000. The estimated useful life was five years and the residual value was $3,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production for year 1, 2,000 units; year 2, 3,000 units; year 3, 2,000 units; year 4, 2,000 units, and year 5, 1,000 units Required 1. Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) a. Straight-line Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition b. Units-of-production Income Statement Balance Sheet Depreciation Expense Accumulated Depreciation Year Cost Book Value At acquisition
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