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Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs NGS. The machine was purchased at the beginning of the

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Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs NGS. The machine was purchased at the beginning of the year at a cost of $5,000. The estimated useful life was five years, and the residual value was S500. Assume that the estimated productive life of the machine is 15.000 hours. Expected annual production is year 1, 4.100 hours year 2. 2.500 hours year 3. 3.400 hour year1.800 hours and year 5. 3.200 hours Required: L. Complete a depreciation schedule for each of the alternative methods. a. Straight-line b. Units of-production c. Double-declining-balance 2. Assume NGS sold the hydrotherapy tub system for $2.100 st the end of year 3. Prepare the journal entry to account for the disposal of this asset under the three different methods 3. The following amounts were forecast for year 3: Sales Revenues. $42.000: Cost of Goods Sold, 533000 Other Operating Expenses $4.000, and Interest Expense, SROO. Create an income statement for year for each of the different depreciation methods ending Income Before Income Tax Expense. (Don't forget to include a low or pain on disposal for each method

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