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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 $30,000. The
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $30,000. The estimated useful life was four years, and the residual value was $2,180. Assume that the estimated productive life of the machine was 10,700 hours. Actual annual usage was 4,280 hours in year 1; 3,210 hours in year 2; 2,140 hours in year 3; and 1,070 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. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4. b. Units-of-production (use four decimal places for the per unit output factor). Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 c. Double-declining-balance. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4
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