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Strong Metals Inc purchased a new stamping machine at the beginning of the year at a cost of $1,900,000. The estimated resid value was
Strong Metals Inc purchased a new stamping machine at the beginning of the year at a cost of $1,900,000. The estimated resid value was $100,000. Assume that the estimated useful life was five years and the estimated productive life of the machine was 300,000 units. Actual annual production was as follows: Year Units I 70,000 2 67,000 28 3 50,000 4 5 73,000 40,000 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Expense At acquisition 3 4 5 Accumulated Depreciation Net Book Value Req 1B >
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