Happy Springs Resorts purchased beach chairs worth $ 15,000 on April 1, 2016. The expected useful life is 5 years and the salvage value at the end is expected to be $ 1,000. Productive life in hours is 30,000 hours. The Resorts financial year ends December 31. Depreciation is calculated to the nearest full month. Please shoiw all workings and attach in order for me to copy and paste to my document.

Required:

Complete the following Fixed Asset Schedules by calculating each years Depreciation Expense, Accumulated Depreciation, and Book Value using the following methods.

Round all calculated figures to the nearest whole number.

i) Straight Line Depreciation Method for 2016 2017

ii) Double Declining Depreciation Method for 2016 2021

iii) Sum-of-the-years-digit Depreciation Method for 2016 2017

iv) Units of Usage Depreciation Method for 2016 2017

(Actual Usage: 2016 9 500 hrs; 2017 10 200 hrs)

i) Straight Line Depreciation Method:

Year	Computation	Depreciation	Accumulated	Cost	Net Book
		Expense	Depreciation		Value
April 1, 2016	Upon Acquisition	----------	----------	15 000	15 000
Dec 31, 2016
Dec 31, 2017

ii) Double Declining Balance Method:

Year	Computation	Depreciation	Accumulated	Cost	Net Book
		Expense	Depreciation		Value
April 1, 2016	Upon Acquisition	----------	----------	15 000	15 000
Dec 31, 2016
Dec 31, 2017
Dec 31, 2018
Dec 31, 2019
Dec 31, 2020
Dec 31, 2021

i) Sum-of-the-Years Digits Method:

Year	Computation	Depreciation	Accumulated	Cost	Net Book
		Expense	Depreciation		Value
April 1, 2016	Upon Acquisition	----------	----------	15 000	15 000
Dec 31, 2016
Dec 31, 2017

iv) Units of Usage Method:

Year	Computation	Depreciation	Accumulated	Cost	Net Book
		Expense	Depreciation		Value
April 1, 2016	Upon Acquisition	----------	----------	15 000	15 000
Dec 31, 2016
Dec 31, 2017