Question: Double declining method please Question 8 22 5:05 Plastic Works Corporation bought a machine at the beginning of the year at a cost of $1,450,

Question 8 22 5:05 Plastic Works Corporation bought a machine at the beginning of the year at a cost of $1,450, The estimated useful life was five years. and the residual value was $2.350. Assume that the estimated productive life of the machine is 12.100 units Expected annual production was: year t 3,700 units, yeat 2.3.700 units: year 3, 2.350 units: year 4.1.210 units, and year S, 1340 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Enter all values os positive amount.) a. Straight-line Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost At acquisition 1 2 3 4 5 242015 2420 2.420 2420 2420 14450 14.450 14.450 14450 14450 2.420 4.840 7200 9600 12.100 Book Value $ 14450 12.030 9,610 7.100 4.770 2350 22 8 00:33 c. Double declining balance Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Cost Book Value At acquisition 1 2 3 4
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