Business, 13.04.2021 01:40 hiddenauthors436
At the beginning of the year, Palermo Brothers, Inc., purchased a new plastic water bottle making machine at a cost of $45,000. The estimated residual value was $5,000. Assume that the estimated useful life was four years, and the estimated productive life of the machine was 400,000 units. Actual annual production was as follows:
Year Units
1 120000
2 90000
3 110000
4 80000
Required:
Complete a separate depreciation schedule for each of the alternative methods. (Do not round your intermediate calculation.)
a. Double-declining-balance.
b. Units-of-production.
c. Straight-line.
Answers: 1
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