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You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you

You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you have been asked to compare methods based on a machine that cost $126,000. The estimated useful life is 16 years and the estimated residual value is $11,760. The machine has an estimated useful life in productive output of 204,000 units. Actual output was 23,000 in year 1 and 19,000 in year 2.
Required:
For years 1 and 2 only, prepare separate depreciation schedules assuming:
a. Straight-line method.
b. Units-of-production method.
c. Double-declining-balance method.
Complete this question by entering your answers in the tabs below.
Required 1a
Required 1b
Required 1c
For years 1 and 2 only, prepare separate depreciation schedules assuming straight-line method.
Note: Do not round intermediate calculations and round your final answers to the nearest dollar amount.
\table[[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Net Book Value],[At acquisition,,,],[1,,,],[2,,,]]
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