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

Strong Metals Incorporated purchased a new stamping machine at the beginning of the year at a cost of $$1,045,000.$ The estimated residual value was $$55,000.$ 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$],[1,70,000],[2,67,000],[3,50,000],[4,73,600],[5,40,000]]$

Required:

Complete a separate depreclation schedule for each of the alternative methods.

a$.$ Straight$-$line.

b$.$ Units$-$of$-$production.

c$.$ Double$-$decilining$-$balance.

Complete this question by entering your answers in the tabs below.

Req $1$ A

Req $1B$

Rea $1C$

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

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

Req$1$B