Purity Ice Cream Company bought a new ice cream

Purity Ice Cream Company bought a new ice cream

Purity Ice Cream Company 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 $1,000. Assume that the estimated productive life of the machine was 9,000 hours. Actual annual usage was 3,600 hours in year 1; 2,700 hours in year 2; 1,800 hours in year 3; and 900 hours in year 4.

 

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Required:
1.Complete a separate depreciation schedule for each of the alternative methods. (Round your answers to the nearest dollar amount. Omit the “$” sign in your response.)

 

a.Straight-line.

 

YearDepreciation
Expense
Accumulated
Depreciation
Net
Book Value
At acquisition$ [removed]
1$ [removed]$ [removed][removed]
2[removed][removed][removed]
3[removed][removed][removed]
4[removed][removed][removed]

 

b.Units-of-production (use four decimal places for the per unit output factor).

 

YearDepreciation
Expense
Accumulated
Depreciation
Net
Book Value
At acquisition$ [removed]
1$ [removed]$ [removed][removed]
2[removed][removed][removed]
3[removed][removed][removed]
4[removed][removed][removed]

 

c.Double-declining-balance.

 

YearDepreciation
Expense
Accumulated
Depreciation
Net
Book Value
At acquisition$ [removed]
1$ [removed]$ [removed][removed]
2[removed][removed][removed]
3[removed][removed][removed]
4[removed][removed][removed]

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