PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $14,800. The estimated useful life was five years, and the residual value was $2,400. Assume that the estimated productive life of the machine is 12,400 units. Expected annual production was: year 1, 3,800 units; year 2, 3,800 units; year 3, 2,400 units; year 4, 1,240 units; and year 5, 1,160 units.

depreciation schedule forDouble-declining-balance:

Income Statement Balance Sheet Year Depreciation Accumulated Expense Cost Depreciation Book Value At acquisition 7 2 3 4