Question: please help solve the exact ones in the table PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $14,450.



PlasticWorks Corporation bought a machine at the beginning of the year at a cost of $14,450. The estimated useful life was five years, and the residual value was $2,350. Assume that the estimated productive life of the machine is 12,100 units. Expected annual production was: year 1, 3,700 units; year 2,3,700 units; year 3,2,350 units; year 4,1,210 units; and year 5,1,140 units. Required: 1. Complete a depreciation schedule for each of the alternative methods, (Enter all values as positive amount.) a. Straight-line. b. Units-of-production: b. Units-of-production. c. Double-declining-balance. c. Double-declining-balance. 2-a. Which method will result in the highest net income in year 2? 2-a. Which method will result in the highest net income in year 2? Double-declining-balance Straight-line Units-of-production 2-b. Does this higher net income mean the machine was used more efficiently under this depreciation method? No Yes
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