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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
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 $4,300. The estimated useful life was five years, and the residual value was $300. Assume that the estimated productive life of the machine is 12,200 hours. Expected annual production is: year 1, 3,400 hours; year 2, 2,150 hours; year 3, 2,700 hours; year 4, 1,450 hours; and year 5, 2,500 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount. Round your final answers to nearest whole dollar amount.) a. Straight-line Year Depreciation Accumulated Expense Depreciation Book Value At acquisition 1 2 3 This is a numeric cell, so please enter numbers only. 4 5
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