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 $10,500. 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, 2,450 hours: year 2, 2,300 hours; year 3, 2,150 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. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1 Reg 1C Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) nananlatan 9 10 of 10 Next > Pro Required information a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Req 10 Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Depreciation Accumulated Year Book Value Expense Depreciation Al Acquisition $ 10,500 Year 1 $ 2,000 $ 2,000 s 8,500 Year 2 $ 2,000 S 4.000 $ 6,500 Year 3 $ 2,000 s 6,000 $ 4,500 Year 4 $ 2,000 $ 8,000S 2,500 Year 5 $ 2,000 $ 10,000 S 500 Reg 18 > 8 Required information a. Straight-line. b. Units-of-production. C. Double-declining-balance. Complete this question by entering your answers in the tabs below. Reg 1A Red 1B Req 1C Complete a depreciation schedule for units-of-production method. (Do not round intermediate calo answers to the nearest dollar amount.) Depreciation Accumulated Year Expense Depreciation Book Value At Acquisition 10,500 Year 1 $ 2,450 $ 2,450 $ 8,050 Year 2 $ 2,300 $ 4.750 $ 5,750 Year 3 $ 2,150 $ 69,000 3,600 Year 4 $ 2,100 $ 9,000 1,500 Year 5 $ 1,000 $ 10,000 500 ooo Reg 1A Reg 10 a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reqc Complete a depreciation schedule for double-declining-balance method. (Do not round Intern final answers to the nearest dollar amount.) Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Required information View transaction list Journal entry worksheet A B Record the disposal of the hydrotherapy tub system for $3,150 in year 3 assuming depreciation was calculated using the straight-line method. Notes Enter debits before credits. Transaction General Journal Debit Credit 1 3,150 Cash Loss on Disposal Accumulated Depreciation Equipment 10,500 Record entry Clear entry View general journal Required information View transaction list Journal entry worksheet B c > Record the disposal of the hydrotherapy tub system for $3,150 in year 3 assuming depreciation was calculated using the units-of-production method. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general journal View transaction list Journal entry worksheet > Record the disposal of hydrotherapy tub system for $3,150 in year 3 assuming depreciation was calculated using the double-declining method. Nate: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal
