Question
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
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: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amounts.)
Units-of-production.
income statement. l balance sheet
depreciation expense l cost l accumulated depreciation l book value
year
1
2
3
4
5
(this is all the information provided)
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