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PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $15,150. The estimated useful life was five years, and the

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PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $15,150. The estimated useful life was five years, and the residual value was $2,450. Assume that the estimated productive life of the machine is 12,700 units. Expected annual. production was: year 1, 3,900 units; year 2,3,900 units; year 3,2,450 units; year 4,1,270 units; and year 5,1,180 units. Required: 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: b. Units-of-production. c. Double-declining-balance. 2-a. Which method will result in the highest net income in year 2 ? Straight-line Double-declining-balance 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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