From the following, prepare amortization schedules for the first two years for
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance at twice the straight-line rate.
d. Sum-of-the-years’-digits (optional) methods.
◆ Machine purchased on January 1, $1,440
◆ Residual value, $240
◆ Estimated useful life, 5 years
◆ Total estimated output, 600 units
◆ Output year 1, 100 units
◆ Output year 2, 200 units