Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $30,000. The estimated useful life was five years and the residual value was $3,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production was year 1, 1,900 units; year 2, 2,900 units; year 3, 1,900 units; year 4, 1,900 units; and year 5, 1,400 units. Required: Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. 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. Req 1A Reg 1B Req 1C Reg 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 Depreciation Book Value At acquisition 1 2 3 4 5 Check my v 21 Complete this question by entering your answers in the tabs below. 5 points Req 1A Reg 1B Req 10 Req 2A Req 2B Complete a depreciation schedule for Units-of-production method. (Do not round intermediate calculations.) eBook Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5 Check my work 21 Complete this question by entering your answers in the tabs below. 5 points Req 1A Reg 1B Reg 10 Req 2A Reg 2B Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) eBook Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition 1 2 3 4 5