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depreciation schedule using the straight-line method for Req1A Req1B Req1C ...

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Accounting

depreciation schedule using the straight-line method for
Req1A
Req1B
Req1C
image
Assume Purity Ice Cream Company, Inc. in Ithaca, NY, bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $152,000. The estimated useful life was four years, and the residual value was $8,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usage was 5.500 hours in Year 1: 3,800 hours in Year 2, 3,200 hours in Year 3, and 3,500 hours in Year 4. 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. Reg 1A Reg 16 Req 1C Complete a depreciation schedule using the Straight-line method. Depreciation Accumulated Net Year Expense Depreciation Book Value At acquisition 1 2 4 Reg1 Reg 1B >

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