Question: LO 9 E9-6 Computing Depreciation under Alternative Methods Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22.000.
LO 9 E9-6 Computing Depreciation under Alternative Methods Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22.000. The estimated useful life was five years and the residual value was $2,000. Assume that the esti- mated productive life of the machine is 10,000 units. Expected annual production was year 1, 2,000 units; year 2, 3,000 units; year 3, 2,000 units; year 4, 2,000 units; and year 5, 1,000 units. Required: 1. Complete a depreciation schedule for each of the alternative methods. Round answers to the nearest dollar. a. Straight-line. b. Units-of-production. c. Double-declining-balance. Income Statement Depreciation Expense Balance Sheet Accumulated Depreciation Year Computation Cost Book Value At acquisition
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