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Plain Ice Cream Co. bought a new ice cream machine at the beginning of the year at a cost of $32,000. The estimated useful life
Plain Ice Cream Co. bought a new ice cream machine at the beginning of the year at a cost of $32,000. The estimated useful life was four years or 11,000 hours of use, and the residual value was $3,400. Actual annual usage was 4,400 hours in Year 1; 3,300 hours in Year 2; 2,200 hours in Year 3; and 1,100 hours in Year 4. Complete a depreciation schedule for each method: Straight-line Units-of-production Double-declining-balance
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