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The last time I posted this someone said it came out blurry so I hope this one is better! Please complete the multi-part problem in

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The last time I posted this someone said it came out blurry so I hope this one is better! Please complete the multi-part problem in the layout given. I appreciate your help!

[The following information applies to the questions displayed below.) Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS The machine was purchased at the beginning of the year at a cost of $22,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,400 hours, year 2, 2,350 hours, year 3, 2,150 hours, year 4, 2,100 hours, and year 5, 1,000 hours. value: 3.33 points Required: 1. Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount. a. Straight-line. Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 b. Units-of-production Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 C. Double-declining-balance. Year Depreciation Expense Accumulated Depreciation Book Value At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 2. Assume NGS sold the hydrotherapy tub system for $6,600 at the end of year 3. Prepare the journal entry to account for the disposal of this asset under the three different methods. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest dollar amount.) View transaction list 1 Record the disposal of the hydrotherapy tub system for $6,600 in year 3 assuming depreciation was calculated using the straight line method. r3 2 Record the disposal of the hydrotherapy tub system for $6,600 in year 3 assuming depreciation was calculated using the units-of-production method. Credit 3 Record the disposal of hydrotherapy tub system for $6,600 in year 3 assuming depreciation was calculated using the double-declining method. Note : = journal entry has been entered Record entry Clear entry View general journal 3. The following amounts were forecast for year 3: Sales Revenues $59,000; Cost of Goods Sold $46,000, Other Operating Expenses $4,500, and Interest Expense $900. Create an income statement for year 3 for each of the different depreciation methods, ending at Income before Income Tax Expense. (Don't forget to include a loss or gain on disposal for each method.). (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) NICOLE'S GETAWAY SPA (Forecasted) Income Statement For the Year Ended Year 3 Straight Units-of- Production Double- Declining Balance Line 0 0 0 Operating Expenses: Total Operating Expenses 0 0 0

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