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[The following information applies to the questions displayed below.] Nicoles Getaway Spa (NGS) purchased...

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Accounting

[The following information applies to the questions displayed below.]

Nicoles Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $19,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,250 hours; year 2, 2,450 hours; year 3, 2,200 hours; year 4, 2,100 hours; and year 5, 1,000 hours.

Required:

  1. Complete a depreciation schedule for each of the alternative methods.
  1. Straight-line.
  2. Units-of-production.
  3. Double-declining-balance.

  • Req 1A
  • Req 1B
  • Req 1C

Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.)
Year Depreciation Expense Accumulated Depreciation Book Value
At Acquisition
Year 1
Year 2
Year 3
Year 4
Year 5

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