Impact of the Fixed Asset Turnover Ratio [LU 9-3, LO 9-7 4 unset Unlimited bought a machine for $74,000 cash. The estimated useful life was five years and the estimated residual value was 27 points eBook References $8,000. Assume that the estimated useful life in productive units is 207,000. Units actually produced were 55,200 in year 1 and 62,100 in year 2. Required: 1. Determine the appropriate 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. Req 1 Req 2A Req 28 Req 3 Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) Method of Depreciation Straight-line Units-of-production Double-declining-balance Depreciation Expense Book Value at the End of Year 1 Year 2 Year 1 Year 2 Req 1 Req 2A > ter 9 Homework Saved 4 eBook eferences Methods and interpreting the impact on the Fixed Asset Turnover atio L unset Unlimited bought a machine for $74,000 cash. The estimated useful life was five years a $8,000. Assume that the estimated useful life in productive units is 207,000. Units actually pro in year 2. Required: 1. Determine the appropriate 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. Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest net income for year 1? Straight-line Units-of-production ODouble-declining-balance < Req 1 Req 2B > Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest net income for year 1? Straight-line OUnits-of-production ODouble-declining-balance < Req 1 Req 2B > 1. Determine the appropriate amounts to complete the followin 2-a. Which method would result in the lowest net income for y 2-b. Which method would result in the lowest net income for y 3. Which method would result in the lowest fixed asset turnove Complete this question by entering your answers in the Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest net income for year 2? Double-declining-balance Straight-line OUnits-of-production < Req 2A Req 1 Req 2A Req 2B Req 3 Which method would result in the lowest fixed asset turnover ratio for year 1? Units-of-production ODouble-declining-balance OStraight-line