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please help with only question c Ch. 8 Homework i Saved Help Save & Exit Submit Check my work 3 20 points Assume Organic Ice
please help with only question c
Ch. 8 Homework i Saved Help Save & Exit Submit Check my work 3 20 points Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $24,000. The estimated useful life was four years, and the residual value was $2,160. Assume that the estimated productive life of the machine was 10,400 hours. Actual annual usage was 4,160 hours in Year 1; 3,120 hours in Year 2; 2,080 hours in Year 3; and 1,040 hours in Year 4. eBook Required: 1. Complete a separate depreciation schedule for each of the alternative methods. Print a. Straight-line. b. Units-of-production. c. Double-declining-balance. References Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete a depreciation schedule using the double-declining-balance method. Year Depreciation Expense Accumulated Depreciation Net Book Value $ 24,000 At acquisition 1 $ 12,000 $ $ 2 $ $ 12,000 18,000 21,000 6,000 3,000 $ 12,000 6,000 3,000 3 $ $ $ 4 $ 2,000Step by Step Solution
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