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PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $15,850. The estimated useful life was five years, and the

image text in transcribedimage text in transcribed PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $15,850. The estimated useful life was five years, and the residual value was $2,550. Assume that the estimated productive life of the machine is 13,300 units. Expected annual production was: year 1, 4,100 units; year 2, 4,100 units; year 3, 2,550 units; year 4, 1,330 units; and year 5, 1,220 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount.) a. Straight-line. b. Units-of-production. c. Double-declining-balance. 2-a. Which method will result in the highest net income in year 2 ? Double-declining-balance Straight-line Units-of-production 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? No Yes

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