E9-6 Computing Depreciation under Alternative Methods [LO 9-3] Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was five years and the residual value was $3,000. Assume that the estimated productive life of the machine is 10,000 units. Expected annual production for year 1, 1,900 units; year 2, 2,900 units; year 3, 1,900 units; year 4, 1,900 units; and year 5, 1,400 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) a. Straightline. 8 Answer is complete but not entirely correct. Income Statement Balance Sheet Book Year Cost Depreciation Accumulated Expense Depreciation Value acation Is 28,000 a 1 $ 5000 o s 25000 8 s 5,000 23,000 0 2 5000 o 25,000 10,000 O18O ,000 3 5,000 o 25000 8 15,000 13,000 O 4 50 000 0 20,000 o 8,000 0 5,000 25, 5 5000 o 25,825000 3,000 0