E$8-9($Algo$)$ Computing Depreciation under Alternative Methods LO$8-3$

$20$ points

Assume Plain Ice Cream Company, Incorporated, in Ithaca, NY$,$ bought a new ice cream production kit $($pasteurizer$/$homogenizer$,$ cooler, aging vat, freezer, and filling machine$)$ at the beginning of the year at a cost of $$32,000.$ The estimated useful life was four years, and the residual value was $$3,400.$ Assume that the estimated productive life of the machine was $11,000$ hours. Actual annual usage was $4,400$ hours in Year $1,3,300$ hours in Year $2$:$2,200$ hours in Year $3,$ and $1,100$ hours in Year $4.$

Required:

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

a$.$ Straight$-$line.

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

c$.$ Double$-$declining$-$balance.

Answer is complete but not entirely correct.

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

Req$1A$

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

$\backslash$table$[[$Year$,$Dep,$\backslash$table$[[$ciation$],[$ense$]],,\backslash$table$[[$imulated$],[$reciation$]],\backslash$table$[[$Net$],[$Book Value$]]],[\backslash$table$[[$At$],[$acquisition$]],,,,,$$$,32,000$