Plastic Works Corporation bought a machine at the beginning of the year
at a cost of $12,000. The estimated useful life was five years, and the
residual value was $2,000. Assume that the estimated productive life of
the machine is 10,000 units. Expected annual production was: year 1,
3,000 units; year 2, 3,000 units; year 3, 2,000 units; year 4, 1,000
units; and year 5, 1,000 units.
Required:
1 Complete a depreciation schedule for each of the alternative methods.
(a) Straight-line
(b) Units-of-production
(c) Double-declining-balance
Click here: Plastic Works Corporation bought a machine at the beginning of the year at a cost of $12,000
