Strong Metals Inc purchased a new stamping machine at the beginning of the year at...
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Accounting
Strong Metals Inc purchased a new stamping machine at the beginning of the year at a cost of $950,000. The estimated residual value was 550,000. Assume that the estimated useful life was five years and the estimated productive life of the machine was 300.000 units. Actual annual production was as follows: Year 1 Units 70.00 67,000 50. 73,000 40,00 3 4 5 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 Req 18 Req 1C Complete a depreciation schedule using the Straight-line method. Depreciation Accumulated Net Year Expense Depreciation Book Value Al acquisition 3 5 Reg 1B > Strong Metals Inc. purchased a new stamping machine at the beginning of the yea value was $50,000. Assume that the estimated useful life was five years and the e 300,000 units. Actual annual production was as follows: rear 1 units 70,000 67,000 se, eee 73,000 4e, eee 5 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. Req 1A Req 1817 Reg 10 Complete a depreciation schedule using the units-of-production method. Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition so 67,000 50,000 73,000 40,000 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. Req 1A Reg 1B Req 1C Complete a depreciation schedule using the double-declining-balance method. Year Depreciation Expense Accumulated Depreciation Book Value At acquisition



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