Question: E8-10 (Algo) Computing Depreciation under Alternative Methods LO8-3 Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost



E8-10 (Algo) Computing Depreciation under Alternative Methods LO8-3 Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,377,500. The estimated residual value was $72,500. 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: Year Units 1 701000 2 67,000 3 50,000 4 73,000 540,000 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. Req 1A Reg 13 Req 1C Complete a depreciation schedule using the straight-line method. Depreciation Accumulated Year Net Expenso Depreciation Book Value At acquisition 1 2 3 4 5 Reg 10 > Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 1C Complete a depreciation schedule using the units-of-production method. (Use two decimal places for the per unit output factor.) Year Depreciation Expense Accumulated Depreciation Net Book Value At acquisition 1 2 3 4 5 Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Req id Complete a depreciation schedule using the double-declining-balance method. (Do not round your intermediate calculations.) Depreciation Accumulated Net Year Expense Depreciation Book Value At acquisition 1 2 3 4 5
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