Record the disposal of the hydrotherapy tub system for $3,900 in year 3 assuming depreciation...
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Accounting
Record the disposal of the hydrotherapy tub system for $3,900 in year 3 assuming depreciation was calculated using the straight-line method.
Record the disposal of the hydrotherapy tub system for $3,900 in year 3 assuming depreciation was calculated using the units-of-production.
Record the disposal of the hydrotherapy tub system for $3,900 in year 3 assuming depreciation was calculated using the double-declining method.
! Required information [The following information applies to the questions displayed below.] Nicole's 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 $13,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,250 hours; year 2, 2,400 hours; year 3, 2,250 hours; year 4, 2,100 hours; and year 5, 1,000 hours. 2. Assume NGS sold the hydroth rapy tub system for $3,900 at the end of year 3. pare the nal entry to account for the disposal of this asset under the three different methods. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest dollar amount.)
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