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

Plain Ice Cream Co$.$ bought a new ice cream machine at the beginning of the year at a cost of $$22,000.$ The estimated useful life was

four years or $10,300$ hours of use, and the residual value was $$1,400.$ Actual annual usage was $4,120$ hours in Year $1$; $3,090$ hours in

Year $2$; $2,060$ hours in Year $3$; and $1,030$ hours in Year $4.$

Complete a depreciation schedule for each method:

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 $1A$

Req $1$C

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