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Required information The following information applies to the questions displayed below Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness
Required information 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 $25,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 0,000 hours. Expected annual production was year 1, 2,550 hours; year 2, 2,300 hours; year 3, 2,050 hours year 4, 2,100 hours; and year 5, 1,000 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. a. Straight-line b. Units-of-production. c. Double-declining-balance
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