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 $\backslash (\backslash$$ $1,662,500\backslash ).$ T estimated residual value was $\backslash (\backslash$$ $87,500\backslash ).$ Assume that the estimated useful life was five years and the estimated producti of the machine was $300,000$ units. Actual annual production was as follows:

Required:

$1.$ 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.

Complete a depreciation schedule using the straight$-$line method. Req $1$A

Req $1$B

Req $1$C

Complete a depreciation schedule using the straight$-$line method. Req $1$A

Req $1$B

Req $1$C

Complete a depreciation schedule $\backslash (\backslash$mathbf$\{$u$\}\backslash )$ : Assessment Tool iFrame luction method.

Note: Use two decimal places for the per un$$c output ractor.

$\backslash$begin$\{$tabular$\}\{|$c$|$l$|$l$|$l$|\}$

$\backslash$hline Year & $\backslash$begin$\{$tabular$\}\{$c$\}$

Depreciation $\backslash \backslash$

Expense

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Accumulated $\backslash \backslash$

Depreciation

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Net $\backslash \backslash$

Book Value

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline At acquisition & & & $\backslash \backslash$

$\backslash$hline $1$ & & & $\backslash \backslash$

$\backslash$hline $2$ & & & $\backslash \backslash$

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$\backslash$hline $4$ & & & $\backslash \backslash$

$\backslash$hline $5$ & & & $\backslash \backslash$

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$\backslash$end$\{$tabular$\}$ Assessment Tool iFrame

Req $1$A

Req $1$B

Req $1$C

Complete a depreciation schedule using the double$-$declining$-$balance method.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|\}$

$\backslash$hline Year & $\backslash$begin$\{$tabular$\}\{$c$\}$

Depreciation $\backslash \backslash$

Expense

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Accumulated $\backslash \backslash$

Depreciation

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$c$\}$

Net $\backslash \backslash$

Book Value

$\backslash$end$\{$tabular$\}\backslash \backslash$

$\backslash$hline At acquisition & & & $\backslash \backslash$

$\backslash$hline $1$ & & & $\backslash \backslash$

$\backslash$hline $2$ & & & $\backslash \backslash$

$\backslash$hline $3$ & & & $\backslash \backslash$

$\backslash$hline $4$ & & & $\backslash \backslash$

$\backslash$hline $5$ & & & $\backslash \backslash$

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$\backslash$end$\{$tabular$\}$