Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
please answer A, B, C Help Save & Exit Submit Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler,
please answer A, B, C Help Save & Exit Submit Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer and filling machine) at the beginning of the year at a cost of $16,000. The estimated useful life was four years, and the residual value was $1,600. Assume that the estimated productive life of the machine was 9,600 hours. Actual annual usage was 3,840 hours in Yeart: 2.880 hours in Year 2: 1.920 hours in Year 3; and 960 hours in Year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line b. Units-of-production c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 1C Complete a depreciation schedule using the Straight-line method. (Do not round Intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Book Value Al acquisition
please answer A, B, C
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started