Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the...
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Accounting
Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $10,000. The estimated useful life was four years, and the residual value was $900 Assume that the estimated productive life of the machine was 9,100 hours. Actual annual usage was 3,640 hours in year 1; 2,730 hours in year 2;1,820 hours in year 3; and 910 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 Accumulated Net Year iation Book Value At acquisition b. Units-of-production (use four decimal places for the per unit output factor) epreciation umula Year ation Book Value At acquisition c. Double-declining-balance epreciation Year ation Book Value At acquisition
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