Question: On June 1, 2014, Flippy-Floppy purchased a manufacturing machine for $830,000. Additionally, FOB Shipping Point was $4,000. Flippy-Floppy paid $20,000 to modify the production line

On June 1, 2014, Flippy-Floppy purchased a manufacturing machine for $830,000. Additionally, FOB Shipping Point was $4,000. Flippy-Floppy paid $20,000 to modify the production line to accommodate the new machine. Handy-Dandy charged an installation and testing fee of $10,000. The machine has an eight-year estimated life and a $44,000 estimated salvage value. Flippy-Floppy expects to manufacture 1,800,000 units over the life of the machine.

Required: Complete the required depreciation schedules on the manufacturing machine for each method listed. (Do not provide any supporting calculations.)

The additional production information is as follows:

Year

Production

Year

Production

2014

110,000

2018

500,000

2015

300,000

2019

450,000

2016

350,000

2020

375,000

2017

350,000

2021

400,000

Schedules for:

a. Straight-line.

Year

Depreciation Expense

Accumulated Depreciation

End of Year Book Value

2014

2015

2016

b. Double-declining balance.

Year

Depreciation Expense

Accumulated Depreciation

End of Year Book Value

2014

2015

2016

2017

2018

2019

2020

2021

2022

c. Sum-of-the-years' digits.

Year

Depreciation Expense

Accumulated Depreciation

End of Year Book Value

2014

2015

2016

2017

2018

2019

2020

2021

2022

d. Units of production.

Year

Depreciation Expense

Accumulated Depreciation

End of Year Book Value

2014

2015

2016

2017

2018

2019

2020

2021

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