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

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.

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

Req $1A$

Req $1$B

Req $1C$

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

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