At the beginning of the year, Palermo Brothers, Incorporated, purchased a new plastic water bottlemaking machine at a cost of $ The estimated residual value was $ Assume that the estimated useful life was four years and the estimated productive life of the machine was units. Actual annual production was as follows:
tableYear Units,
Requlred:
Complete a separate depreciation schedule for each of the alternative methods.
a Straightline.
b Unitsofproduction.
c Doubledecliningbalance.
Complete this question by entering your answers in the tabs below.
Req B
Req
Complete a depreciation schedule using the doubledecliningbalance method.
tableYeartableDepreciationExpensetableAccumulatedDepreciationtableNetBook ValueAt acquisition,,,
