CC$9-1($Algo$)$ Accounting for the Use and Disposal of Long$-$Lived Assets $[$LO $9-3,$ LO $9-5]$

Skip to question

$[$The following information applies to the questions displayed below.$]$

Nicole$$s Getaway Spa $($NGS$)$ purchased a hydrotherapy tub system to add to the wellness programs at NGS$.$ The machine was purchased at the beginning of the year at a cost of $$22,000.$ The estimated useful life was five years and the residual value was $$1,000.$ Assume that the estimated productive life of the machine is $10,000$ hours. Expected annual production was year $1,2,400$ hours; year $2,2,350$ hours; year $3,2,150$ hours; year $4,2,100$ hours; and year $5,1,000$ hours.

CC$9-1($Algo$)$ Part $1$

Required:

Complete a depreciation schedule for each of the alternative methods.

Straight$-$line.

Units$-$of$-$production.

Double$-$declining$-$balance.