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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

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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 the year at a cost of $4,800. The estimated useful life was five years, and the residual value was $500. Assume that the estimated productive life of the machine is 14,200 hours. Expected annual production is: year 1, 3,900 hours: year 2, 2,400 hours; year 3, 3,200 hours; year 4. 1.700 hours; and year 5, 3,000 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 $ 4,800 At acquisition 1 2 3 4 5 b. Units-of-production Year Depreciation Accumulated Expense Depreciation Book Value At acquisition 1 2 3 4 5 c. Double-declining-balance Year Depreciation Expense Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 2. Assume NGS sold the hydrotherapy tub system for $2,100 at the end of year 3. Prepare the journal entry to account for the disposal of this asset under the three different methods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Straight-line method: View transaction list Journal entry worksheet

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