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Complete a separate depreciation schedule by using Straight-line method. ...

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Accounting

Complete a separate depreciation schedule by using Straight-line method.
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Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $10,000. The estimated useful life was four years, and the residual value was $800. Assume that the estimated productive life of the machine was 11,500 hours. Actual annual usage was 4,000 hours in year 1:3,700 hours in year 2: 2.700 hours in year 3. and 1100 hours in year 4 Required: 1-0. Complete a separate depreciation schedule by using Straight line method (Round your answers to the nearest dollar amount. Make sure that the carrying amount at the end of year 4 is equal to the residual value, Depreciation expense for the last period should be calculated as Carrying value of 3rd year minus residual value.) Depreciation Expense Year Accumulated Depreciation Carrying Amount At acquisition 1 2 3 4

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