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I need help with year 5 please and thank you. Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs
I need help with year 5 please and thank you.
Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $7,000. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 13,000 hours. Expected annual production was year 1, 3,100 hours; year 2, 2,500 hours; year 3,3,400 hours; year 4, 2,200 hours; and year 5, 1,800 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Complete a depreciation schedule for double-declining-balance method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.)Step by Step Solution
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