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please answer all *** Question 13 The Old Ice Shoppe Co. makes shaved and solid ice products. On July 1, 2020, the company purchased a
please answer all
*** Question 13 The Old Ice Shoppe Co. makes shaved and solid ice products. On July 1, 2020, the company purchased a high-tech ice-making machine for $1,600,000 Details on the machine are as follows: Market out of 400 Flag question The estimated useful life is 10 years. The estimated residual value is $100,000 The total estimated output over the machine's useful life is 500,000 tons of ice. The ice machine produced 40,000 tons of ice in 2020 and 90,000 tons of ice in 2021 Required: Using the Units of Production method, select All the components that make up the Deprecation Rate for 2020. Bao b. 10 years c. 40,000 tons d. 90,000 tons De 5100,000 1.500,000 tons Og. $1,600,000 Required: What if? Assuming a Deprecation Rate of 3.50, how much Deprecation Expense will be reported in 2021? DO NOT USE DOLLAR SIGNS (S), COMMAS () AND ROUND TO THE NEAREST DOLLAR. EG. 50000 Our 15 The Old toe Shoppe Coutes shaved and sold ice products. On July 1, 2020, the company purchased a high schoe-making machine for $1,400,000 Details on the machine are as follows 401 The estimated residual values $100.000 The total estimated output over the machine's leis 600.000 sf The ice machine produced 40,000 to ofice in 2020 and 20.000 tons of 2021 Required in the Double diminishing balance method for Double Declining Method complete the below What in deprecation rate of 20% and assume given numbers are correct DO NOT USE DOLLAR SIGNS (S, COMMAS. AND ROUND TO THE NEAREST DOLLAR EG 15000 Depreciation Acumulated Date Beginning av Ending by Expense Depreciation COX XOOK Jul 1. Dec 31, 2020 XXX Jan 1. Dec 31, 2021 1,200,000 Assume that the amount of the Beginning Book Value in 2021 IS CORRENCY Parts of your enton Input 1 numeriut. Please enter an ut numetie Penterne Step by Step Solution
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