1 Check Strong Metals Incorporated purchased a new stamping machine at the beginning of the year...

Transcribed Image Text:

1 Check Strong Metals Incorporated purchased a new stamping machine at the beginning of the year at $1,710,000. The estimated residual value was $90,000. Assume that the estimated useful life wa years and the estimated productive life of the machine was 300,000 units. Actual annual produ as follows: 9 points Year Units Skipped 123 70,000 67,000 50,000 4 73,000 5 40,000 eBook Print References Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete a depreciation schedule using the straight-line method. Year At acquisition Depreciation Accumulated Expense Depreciation Net Book Value 1 2 3 4 5 < Req 1A Req 1B > 1 Check Strong Metals Incorporated purchased a new stamping machine at the beginning of the year at $1,710,000. The estimated residual value was $90,000. Assume that the estimated useful life wa years and the estimated productive life of the machine was 300,000 units. Actual annual produ as follows: 9 points Year Units Skipped 123 70,000 67,000 50,000 4 73,000 5 40,000 eBook Print References Required: 1. Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Complete a depreciation schedule using the straight-line method. Year At acquisition Depreciation Accumulated Expense Depreciation Net Book Value 1 2 3 4 5 < Req 1A Req 1B >