Question
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $20,000. The
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $20,000. The estimated useful life was four years, and the residual value was $2,360. Assume that the estimated productive life of the machine was 9,800 hours. Actual annual usage was 3,920 hours in year 1; 2,940 hours in year 2; 1,960 hours in year 3; and 980 hours in year 4.
Required:
1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.)
a. Straight-line.
b. Units-of-production (use four decimal places for the per unit output factor).
c. Double-declining-balance.
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