E9-16 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] Leopard Companies bought a machine for $74,000 cash. The estimated useful life was five years and the estimated residual value was $5,000. Assume that the estimated useful life in productive units is 165,000. Units actually produced were 44,000 in year 1 and 49,500 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 12 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Method of Depreciation Req 2B Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.) Straight-line Units-of-production Double-declining-balance Req 3 Depreciation Expense Year 1 Year 2 $ 13,800 $ 18,400 $ 13,800 20,700 Book Value at the End of Year 1 Year 2 Req 2A >

E9-16 (Algo) Computing Depreciation and Book Value for Two Years Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] Leopard Companies bought a machine for $74,000 cash. The estimated useful ife was five years and the estimated residual value was $5,000. Assume that the estimated use fur life in productive units is 165,000 Units actually produced were 44.000 in year 1 and 49.500 in year 2 Required: 1. Determine the appropriate amounts to complete the following schedule. 2-0. Which method would result in the lowest net income for year 1 ? 2-b. Which method would result in the lowest net income for year 2 ? 3. Which method would result in the lowest fixed asset turnover ratio for year 1 ? Complete this question by entering your answers in the tabs below. Determine the appropriate amounts to complete the following schedule. (Do not round intermediate calculations. Round final answers to the nearest whole dolac)