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Zeena's Company sells custom-ordered dairy-free cakes. Her biggest customer is Tom Hanks. At the beginning of the year, Zeena's Company purchased a new mixer
Zeena's Company sells custom-ordered dairy-free cakes. Her biggest customer is Tom Hanks. At the beginning of the year, Zeena's Company purchased a new mixer machine at a cost of $50,000. The estimated residual value was $4,000. Assume that the estimated useful life was four years and the estimated productive life of the machine was 460,000 units. Actual annual production was as follows: Year Units 1 138,000 2 101,200 3 126,500 4 94,300 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 1B Req 1C Complete a depreciation schedule using the straight-line method. Year Depreciation Expense At acquisition 1 2 3 4 Accumulated Depreciation Net Book Value < Req 1A Req 1B >
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