E$8-10($Algo$)$ Computing Depreciation under Alternative Methods LO$8-3$

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:

$\backslash$table$[[$Year$,$Units$],[1,70,000],[2,67,000],[3,50,000],[4,73,000],[5,40,000]]$

Required:

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.

$\backslash$table$[[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]],\backslash$table$[[$Accumulated$],[$Depreclation$]],\backslash$table$[[$Net$],[$Book Value$]]],[$At acquisition,,,$],[1,,,],[2,,,],[3,,,],[4,,,],[5,,,]]$