Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the...
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Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $24.000. The estimated useful life was four years, and the residual value was $2,580. Assume that the estimated productive life of the machine was 10,200 hours. Actual annual usage was 4,080 hours in year 1; 3,060 hours in year 2; 2,040 hours in year 3; and 1,020 hours in year 4 Required: 1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) a. Straight-line. Depreciation AccumulatedNet Year Book Value At acquisition b. Units-of-production (use four decimal places for the per unit output factor) Depreciation A latedNet Year tion Book Value At acquisition c. Double-declining-balance. Year Expen Book Value At acquisition
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