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please help me complete this income statement, thank you! -i don't understand why someone commented it's incomplete. at least tell me what i'm missing, thank
please help me complete this income statement, thank you!
-i don't understand why someone commented it's incomplete. at least tell me what i'm missing, thank you.
NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3 Straight-Line Units-of- Production Double- Declining Balance Operating Expenses: Other Operating Expenses Total Operating Expenses Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5) [The following information applies to the questions displayed below.] Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $16,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,400 hours; year 2, 2,300 hours, year 3, 2,200 hours, year 4, 2,100 hours, and year 5, 1,000 hoursStep by Step Solution
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