Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3,...

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Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] Worldwide Incorporated bought a machine for $75,000 cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the estimated useful life in productive units is 162,000. Units actually produced were 43,200 in year 1 and 48,600 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Determine the appropriate amounts to complete the following schedule. (Do not round intern answers to the nearest whole dollar.) Method of Depreciation Straight-line Units-of-production Double-declining-balance Depreciation Expense Book Value at the End of Year 1 Year 2 Year 1 Year 2 $ 13,200 $ 13,200 $ 61,800 $ 48,600 Using Alternative Depreciation Methods and Interpreting the Impact on the Fixed Asset Turnover Ratio [LO 9-3, LO 9-7] Worldwide Incorporated bought a machine for $75,000 cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the estimated useful life in productive units is 162,000. Units actually produced were 43,200 in year 1 and 48,600 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Determine the appropriate amounts to complete the following schedule. (Do not round intern answers to the nearest whole dollar.) Method of Depreciation Straight-line Units-of-production Double-declining-balance Depreciation Expense Book Value at the End of Year 1 Year 2 Year 1 Year 2 $ 13,200 $ 13,200 $ 61,800 $ 48,600