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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22.000. The estimated useful life was five years and

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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22.000. The estimated useful life was five years and the residual value was $2.000. Assume that the estimated productive life of the machine is 10.000 units. Expected annual production was year 1. 2.000 units; year 2. 3,000 units; year 3, 2,000 units; year 4, 2.000 units; and year 5, 1,000 units. 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 year 2? Does this higher net income mean th was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2A Req 2B Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Straight-line method. (Do not round intermedi Income Statement Balance Sheet Accumulated Depreciation Book Value Year Cost Expense At acquisition 2 3 K Req 1A Req 1B Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Double-declining-balance method. (Do not r answers to the nearest whole dollars.) Income Statement Balance Sheet Accumulated Depreciation Expense Year Cost Depreciation Book Value At acquisition 2 4 5

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