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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 $13,200. The
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $13,200. The estimated useful life was four years, and the residual value was $980. Assume that the estimated productive life of the machine was 9,400 hours. Actual annual usage was 3,760 hours in year 1; 2,820 hours in year 2; 1,880 hours in year 3; and 940 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 Net Year Expense Depreciation Book Value At acquisition 2 4 . Units-of-production (use four decimal places for the per unit o Depreciation Accumulated Expense Depreciation Net Book Value Year At acquisition 4 Double-declining-balance Depreciation Accumulated Net Year Expense Deprecia tionBook Value At acquisition 2 4Step by Step Solution
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