Nicoles Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs...
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Accounting
Nicoles Getaway Spa NGS purchased a hydrotherapy tub system to add to the wellness programs at NGS The machine was purchased at the beginning of the year at a cost of $ The estimated useful life was five years and the residual value was $ Assume that the estimated productive life of the machine is hours. Expected annual production was year hours; year hours; year hours; year hours; and year hours.
CCStatic Part
Assume NGS sold the hydrotherapy tub system for $ at the end of year The following amounts were forecast for year : Sales Revenues $; Cost of Goods Sold $; Other Operating Expenses $; and Interest Expense $ Create an income statement for year for each of the different depreciation methods, ending at Income before Income Tax Expense. Dont forget to include a loss or gain on disposal for each method.Do not round intermediate calculations.
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