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WireDot Inc. is a manufacturer of specialized machinery. WireDot purchased a new stamping machine at the beginning of the year at a cost of $
WireDot Inc. is a manufacturer of specialized machinery. WireDot purchased a new stamping machine at the beginning of the year at a cost of $ The estimated residual value was $ Assume that the estimated useful life was five years, and the estimated productive life of the machine was units. Actual annual production was as follows:
tableYearUnits
Required:
Complete a separate depreciation schedule for each of the alternative methods. Do not round your intermediate calculations.
a Straightline.
tableYeartableDepreciationExpensetableAccumulatedDepreclationtableNetBook ValueAt acquisition,,,
b Unitsofproduction.
tableYeartableDepreclationExpensetableAccumulatedDepreciationtableNetBook ValueAt acquisition,,,
c Doubledecliningbalance.
tableYeartableDepreciationExpensetableAccumulatedDepreciationtableNetBook ValueAt acquisition,,,
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