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Please help!! E9-16 (Algo) Computing Depreciation and Book Value for Two...

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E9-16 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the impact on the Fixed Asset Turnover Ratio (LO 9-3, LO 9-7) Amarillo Incorporated bought a machine for $78,000 cash. The estimated useful life was five years and the estimated residual value was $6.000. Assume that the estimated useful life in productive units is 168,000. Units actually produced were 44,800 in year 1 and 50,400 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Reg 3 Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dollar) Depreciation Expense Year 1 Year 2 Book Value at the End of Year 1 Year 2 Method of Depreciation Straight-lino Units-of-production Double-declining balance Ho Req2A >

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