= Homework: Week Three Question 9, E11-13 (simil... Part 1 of 4 HW Score: 0%, 0 of 22 points Score: 0 of 1 Save Kramer Koal Company, Inc. purchased a new mining machine at a total cost of $1,800,000 on the first day of its fiscal year. The firm estimates that the machine has a useful life of six years or 8,000,000 tons of coal and a residual value of $120,000 at the end of its useful life. The following schedule indicates the actual number of tons of coal mined with the machine per year. (Click the icon to view the schedule.) Read the requirements C. Requirement a. Prepare the depreciation schedule for the machine assuming that Kramer Koal used the straight-line method. End-of-Year Net Book Value Requirements Data Table End-of-Year Accumulated Depreciation Depreciation Expense Original Cost Year (NBV) 1 Year Tons of Coal 2 1 3 2 670,000 1,420,000 1,570,000 Prepare the depreciation schedules for the machine assuming that Kramer Koal used the following methods (each case is independent): a. Straight-line method b. Units-of-output method Double-declining balance method (Adjust the depreciation expense in the last year to the necessary amount to arrive at an ending book value equal to the scrap value.) d. Kramer Koal sells the mining machine for $935,000 at the end of year 3. What is the gain or loss on sale under each of the depreciation methods in parts (a)(C) above? 4 3 5 4 6 5 1,020,000 790,000 2,530,000 Total 6 Print Done Print Print Done Enter any number in the edit fields and then click Check Answer. Help Me Solve This e Text Pages Get More Help Clear All Check Answer IH Type here to search O Ri J' * a 80F Partly cloudy o la 10:08 PM 8/23/2021