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Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,045,000. The estimated residual value was $55,000.

Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,045,000. The estimated residual value was $55,000. 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
1 70,000
2 67,000
3 50,000
4 73,000
5 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.

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Reg 1A Reg 1B Req 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Accumulated Net Expense Depreciation Book Value At acquisition 1 2 3 4 5 Reg 1A Reg 13 Reg 10 Complete a depreciation schedule using the units-of-production method. (Use two decimal places for the per unit output factor.) Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 5 Reg 1A Reg 13 Reg 10 Complete a depreciation schedule using the double-declining-balance method. (Do not round your intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 5

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