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  3. you are a financial analyst for loch motor company

You are a financial analyst for Loch Motor Company and have been asked to determine...

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Accounting

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You are a financial analyst for Loch Motor Company and have been asked to determine the impact of alternative depreciation methods. For your analysis, you have been asked to compare methods based on a machine that cost $306,000. The estimated useful life is 11 years, and the estimated residual value is $83,360. The machine has an estimated useful life in productive output of 242,000 units. Actual output was 41,000 in year 1 and 37,000 in year 2. Required: 1. For years 1 and 2 only, prepare separate depreciation schedules assuming: (Do not round intermediate calculations and round your final answers to the nearest dollar amount.) a. Straight-line method. iation iation Net Book Value Expense At acquisition b. Units-of-production method. Depreciation Accumula d Net Book Depreciation Value At acquisition c. Double-declining-balance method. Depreciation Accumula Expense Depre Net Book Value Year ciation At acquisition

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