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PlasticWorks Corporation bought a machine at the beginning of the year at a cost of...

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Accounting

PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $15,850. The estimated useful life was five years, and the residual value was $2,550. Assume that the estimated productive life of the machine is 13,300 units. Expected annual production was: year 1, 4,100 units; year 2, 4,100 units; year 3, 2,550 units; year 4, 1,330 units; and year 5, 1,220 units.

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Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values as positive amount.) a. Straight-line. Income Statement Balance Sheet Depreciation Year Cost Accumulated Depreciation Book Value Expense At acquisition S 2 S 15.850 5 2 .880 2 ,650 2,660 2,660 2,650 2,650 15,850 15,850 15,850 15,850 b. Units-of-production Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value Al acquisition IS 15,850 15,850 15,850 15,850 15,850 4 S c. Double-declining-balance. Balance Sheet Income Statement Depreciation Expense Year Cost Accumulated Depreciation Book Value At acquisition S 2 15,850 15.850 15,850 15,850

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