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 $1,187,500. The estimated residual value was $62,500. 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 70,000 2 67,000 3 50,000 4 73,000 5 40,000 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 Req 1B Req 1C Complete a depreciation schedule using the double-declining-balance method. (Do not round your intermediate calculations.) Year Depreciation Expense Accumulated Depreciation Net Book Value $ 1,187,500 At acquisition 1 2 3 4 5