$E8-10(Algo)$ Computing Depreciation under Alternative Methods $LO8-3$

Strong Metals Incorporated purchased a new stamping machine $at$ the beginning $of$ the year $at$ a cost $of$ $$997,500.$ The estimated residual value was $$52,500.$ Assume that the estimated useful life was five years and the estimated productive life $of$ the machine was $300,000$ units. Actual annual production was $as$ follows:

Year Units

$170,000$

$267,000$

$350,000$

$473,000$

$540,000$

Required:

$1.$ Complete a separate depreciation schedule for each $of$ the alternative methods.

Straight$-$line.

Units$-of-$production.

Double$-$declining$-$balance.