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please answer all three parts At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle-making machine at a cost of
please answer all three parts
At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle-making machine at a cost of $42,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years and the estimated productive life of the machine was 370,000 units. Actual annual production was as follows: Year Units 1 111,000 2 81,400 3 101,750 4 75,850 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 Reg 1B Reg 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2. 3 4Step by Step Solution
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