Question: 12.50 points E8-9 Computing Depreciation under Alternative Methods LO8-3 Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning

 12.50 points E8-9 Computing Depreciation under Alternative Methods LO8-3 Shining Cookie

12.50 points E8-9 Computing Depreciation under Alternative Methods LO8-3 Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $10,000. The estimated useful life was four years, and the residual value was $1,000. Assume that the estimated productive life of the machine was 9,000 hours. Actual annual usage was 3,600 hours in year 1; 2.700 hours in year 2: 1.800 hours in year 3 and 900 hours in year 4. Required: 1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) a. Straight-line. Depreciation Accumulate b. Units-of-production (use four decimal places for the per unit output factor). Year Depreciation A c. Double-declining-balance. Year Depreciation Accumulated

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!