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please anwser all the following questions look Homy:lce Cream Coopany boUght a new ice cream makerat the beginning of the year at a cost of
please anwser all the following questions
look Homy:lce Cream Coopany boUght a new ice cream makerat the beginning of the year at a cost of $8,600, The estimated useful life .Was fouryears and the residual value was $900. Assume that the estimated productive life of the machine was 101000 hours; ACtUat annual usage was3800 hours in year 1; 3,500 1 ours in year2; 2,500 hours in year 3; and 200 hours in yepr 4, Required: I-a. Complete aseparate depreciation schedule by using Straight-line method. (Round your answers to the heqrestdollar amount, Make sure that the carrying amount atthe end of yearn equaj to the residual value. Depreciation expense forihe last perlod should be calculated as Carrying value of 3rd yearnt(ni-is residUalva!ue.) Depreciation Accumulated I I Corryi0fj . Rount At acquisition I-b. Complete a separate depreciation schedule by using Units-of-production method. (Roulnci'bur answers to the nearest dollar amount. Make sure that the carrying amount at the end of year4is equal to the residual value Dereciatlon expense for thelast perioa should be calculated as Carrying value of 3rd year minus residual value.) Year At acquisition D epruciation Epgnsc Accumulated Corwing Depreciation Amount I-c. Complete a separate depreciation schedule by using Doubie-declining-balaoce method, (Round your answers to thenearest Idolier amount. Make sure thatthe carrying amount at the end of year4 is equal to the residual value. Depreciation expense for @ljEJWtheGst period should be calculatedascarryingvale of 3rd ear minus residual value.) Carrying 'Racqulsition
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