Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $7,400. The estimated useful life was four years, and the residual value was $800. Assume that the estimated productive life of the machine was 11,000 hours. Actual annual usage was 3,900 hours in year 1; 3,600 hours in year 2; 2,600 hours in year 3; and 900 hours in year 4. Required: 1-a. Complete a separate depreciation schedule by using Straight-line method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.) Year At acquisition DepreciatiovaccumulateCarrying Expense Depreciation Amount $ 7,400 $ 1,650 $ 1,650 5,750 1,6503 ,300 4,100 1,650 4,950 2,450 1,650 6,600 800 3 4 1-b. Complete a separate depreciation schedule by using Units-of-production method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.) Year DepreciatiovaccumulateCarrying Expense Depreciation Amount $ 7,400 At acquisition 1-c. Complete a separate depreciation schedule by using Double-declining-balance method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.) Year DepreciatiovaccumulateCarrying Expense Depreciation Amount acquisition to the nearest doiar amount Make sure that 1-c. Complete a separate depreciation schedule by using Double-declining-balance method. (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value. Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.) Year DepreciatioAccumulateCarrying Expense Depreciation Amount At acquisition 1 2 M |