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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 $32,000. The
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $32,000. The estimated useful life was four years, and the residual value was $3,400. Assume that the estimated productive life of the machine was 11,000 hours. Actual annual usage was 4,400 hours in year 1; 3,300 hours in year 2; 2,200 hours in year 3; and 1,100 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 Depreciation Accumulated Year Expense Depreciation Value Ne Book At uisition 32,000 b. Units-of-production (use four decimal places for the per unit output factor). et Depreciation Accumulated ook Year Expense epreciation Value acquisition 4 c. Double-declining-balance et Book Depreciation Accumulated Year Expense Depreciation Value At uisition
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