Accounting help Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the...
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Accounting
Accounting help
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 $22,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,450 hours; year 2, 2,400 hours; year 3, 2,000 hours; year 4, 2,150 hours; and year 5, 1,000 hours.
Complete a Depreciation schedule for each of the alternative methods.
Straight-line.
Units-of-production.
Double-declining-balance.
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