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Need all the Requirments! a Omicron Manufacturing, Inc. purchased a new piece of manufacturing equipment at a total acquisition output and a residual value of

Need all the Requirments!
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a Omicron Manufacturing, Inc. purchased a new piece of manufacturing equipment at a total acquisition output and a residual value of $280,600 at the end of its useful life. The following schedule indicates th E (Click the icon to view the schedule.) Read the requirements. Requirement a. Prepare the depreciation schedule for the manufacturing equipment assuming that Om End-of-Year End-of-Year Accumulated Original Depreciation Expense Net Book Value Year Cost Depreciation (NBV) 1 2 3 4 6 7 8 9 10 Total stunna, Inc purchased a new piece of manufacturing equipment at a total acquisition cost of $3,200.000 on January of the current year. The firm estimate that the equipment has a more of 10 years or 13.270,000 units of un value of 980.000 it the end of its useful life. The following schedule indicates the actual number of units output wth the machine per your on to wow the schedule acturing equipment at a total acquisition cost of $3,200,000 on January 4 of the current year. The firm es I life. The following schedule indicates the actual number of units output with the machine per year. on cost of $3,200,000 on January 4 of the current year. The firm estimates that the equipment has a useful life of 10 years or 13,270,000 units of the actual number of units output with the machine per year. Data table Year Units of Output Year Units of Output 1 1,620,000 6 2 1,320,000 1,220,000 1,620,000 7 3 1,520,000 8 4 1,520,000 1220,000 1,130,000 9 5 1,320,000 10 1,130,000 Print Done Requirements nufa -of- mu recia Prepare the depreciation schedules for the manufacturing equipment assuming that Omicron used the following methods (each case is independent): a. Straight-line method. b. Units-of-output method. c. Double-declining balance method. (Reduce the depreciation expense in the last year to the necessary amount to arrive at an ending book value equal to the scrap value.) d. Omicron sells the manufacturing equipment at the end of Year 5 for $1,510,000. What is the gain or loss on sale under each of the depreciation methods in parts (a)-(c)

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