Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $40,000. The estimated useful life was five years and the residual value was $4,500. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1, 2100 units; year 2,3,100 units; year 3, 2,100 units: year 4, 2100 units; and year 5,600 units. Required: 1. Complete a depreciation schedule for each of the alternative methods o. Straight line b. Units of production c. Double-declining balance 2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Reg 1c Req 2A Req 2B Complete a depreciation schedule for Straight-line method. (Do not round Intermediate calculations.) Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Deprecintion Book Value At acquisition 1 2 3 4 5 Req 18 > 1 2. Which method will result in the lughest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. Roq LA Reg 13 Reg 1C Reg 2A Reg 20 OOK HIN Complete a depreciation schedule for Units of production method (not cound intermediate calculations Incom Statement Bounce Sheet Year Depreciation Cost Accumulated Exporte Depreciation De Value Acquisition 1 1 1 5 (Ren 1 Regic > 1 b. Units-of-production c. Double-declining-balance. 2. Wich method will result in the highest net income inycat 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? 6 point Complete this question by entering your answers in the tabs below. es Reg 1 Bee 10 Regt Reg 2 Reg 20 Complete a depreciation schedule for Double declining balance method (Do not round intermediate calculation Round answers to the nearest whole dollars) Income Station Depreciation Expanse Balance Sheet Accumulated Deprecation Cost Book Value Al cursion 1 2 3 4 5 Required: 1. Complete a depreciation schedule for each of the alternative methods. a. Straight line b. Units of production c. Double declining balance. 2. Which method will result in the highest net income in your ?? Does this higher niet income mean the machine was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. RELA Hg 10 HIC Reg 2 Hea 2 Which method will it in the best not income in your 000 Units of production Doubledecin ng balance 1 years Get LC was 3D WHILUU PUULUVUUS MUS. CAPELLGU GRUDI production was year 1, 2100 units. year 2, 3,100 units year 3.2 100 units year 4, 2,100 units, and year 5, 600 units. Required: 1. Complete a depreciation schedule for each of the alterative methods. a. Straight line b. Units of production c. Double-checlining balance 2. Which method will tesult in the highest net income in year 2? Does this higher net income meet the machine was used more efficiently under this depreciation method? COM Complete this question by entering your answers in the tabs below. og 10 Red IC Reg 2A ference Does this habent income mean the machine was used more endently under this depreciation method Yos No
