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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 $18,500. The estimated useful life was five years and the residual value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,200 hours; year 2, 2,400 hours; year 3, 2,300 hours; year 4, 2,100 hours; and year 5, 1,000 hours. Req 1A Reg 1B Req 1C Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Req1A Req 1B > Req 1A Req 1B Req 1C Complete a depreciation schedule for units-of-production method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Req 1A Req 1B Req 1C Complete a depreciation schedule for double-declining-balance method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Year Depreciation Expense Accumulated Depreciation Book Value | At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5
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