1. value: 2.00 points At the beginning of the year, Palermo Brothers, Inc., purchased a new...

 

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1. value: 2.00 points At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $52,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 470,000 units. Actual annual production was as follows: Year Units 1 141.000 2 103,400 3 129,250 4 96,350 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. Year At acquisition 1 2 3 4 Depreciation Accumulated Expense Depreciation Net Book Value b. Units-of-production. Year At acquisition 1 2 3 4 Depreciation Accumulated Expense Depreciation c. Double-declining-balance. Year At acquisition 1 2 3 4 Net Book Value Depreciation Accumulated Net Expense Depreciation Book Value 1. value: 2.00 points At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $52,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 470,000 units. Actual annual production was as follows: Year Units 1 141.000 2 103,400 3 129,250 4 96,350 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. Year At acquisition 1 2 3 4 Depreciation Accumulated Expense Depreciation Net Book Value b. Units-of-production. Year At acquisition 1 2 3 4 Depreciation Accumulated Expense Depreciation c. Double-declining-balance. Year At acquisition 1 2 3 4 Net Book Value Depreciation Accumulated Net Expense Depreciation Book Value

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A depreciation schedule is as follows 1 Straight Line Method Depreciati... View the full answer