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please help me! Required information CC9-1 (Algo) Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5] [The following information applies to
please help me!
Required information CC9-1 (Algo) 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 $6,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,350 hours; year 2, 2,450 hours; year 3, 2,100 hours; year 4, 2,100 hours; and year 5, 1,000 hours. CC9-1 (Algo) Part 1 Required: 1. Complete a 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. Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answ to the nearest dollar amount.) Complete a depreciation schedule for units-of-production method. (Do not round intermediate calcul. answers to the nearest dollar amount.) Complete a depreciation schedule for double-declining-balance method. (Do not round intermediate final answers to the nearest dollar amount.) Required information CC9-1 (Algo) 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 $6,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,350 hours; year 2, 2,450 hours; year 3, 2,100 hours; year 4, 2,100 hours; and year 5, 1,000 hours. CC9-1 (Algo) Part 1 Required: 1. Complete a 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. Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answ to the nearest dollar amount.) Complete a depreciation schedule for units-of-production method. (Do not round intermediate calcul. answers to the nearest dollar amount.) Complete a depreciation schedule for double-declining-balance method. (Do not round intermediate final answers to the nearest dollar amount.) Step by Step Solution
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