Books Unlimited Corporation purchased a new copy machine at the beginning of the year at a cost

Question:

Books Unlimited Corporation purchased a new copy machine at the beginning of the year at a cost of $36,500. The estimated useful life of the machine is five years, and its estimated productivity is 250,000 copies. Its salvage value is estimated to be $1,500. Yearly production for Year 1 was 50,000 copies; Year 2 was 45,000 copies; Year 3 was 55,000 copies; Year 4 was 40,500 copies; and Year 5 was 59,500 copies. Complete a separate depreciation schedule for each of the three methods given for all five years. (Round your answers to the nearest dollar.)

1. Straight-line method

2. Activity method

3. Double-declining balance method

Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...