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Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $24,000. The
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker 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.
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost af $24,000. The estimated useful life was faur 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. Ine. inuM Required: 1. Complete a separate depreciation schedule for eB? of the alternative methods.(Do not round intermediate calculations.) a. Straight-ine. Year Book Value b. Units-of-production (use four decimal places for the per unit output factor). Year Book Value At acquisition c. Double -declin Year Book Value At acquiaitionStep by Step Solution
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