Question
E9-6 Computing Depreciation under Alternative Methods [LO3] PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $19,700. The estimated
E9-6 Computing Depreciation under Alternative Methods [LO3]
PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $19,700. The estimated useful life was five years, and the residual value was $3,100. Assume that the estimated productive life of the machine is 16,600 units. Expected annual production was: year 1, 5,200 units; year 2, 5,200 units; year 3, 3,100 units; year 4, 1,660 units; and year 5, 1,440 units. |
Required: |
1. | Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount.) |
a. | Straight-line. |
b. | Units-of-production. |
c. | Double-declining-balance. |
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