Please submit a stapled hard copy at the beginning of class. Clearly put your name on the top of your assignment. The following information is used in questions 1 – 3. The Flavored Water Company bought a new piece of equipment at the beginning of the year for $15,400, that bottles the water. The estimated useful life of the machine is 5 years, and its estimated productivity is 75,000 bottles of water. Its salvage value is estimated to be $400. Yearly production was: Year 1: 15,000 bottles Year 2: 18,750 bottles Year 3: 11,250 bottles Year 4: 22,500 bottles Year 5: 7,500 bottles Question 1: Complete a depreciation schedule using the straight-line method. Question 2: Complete a depreciation schedule using the activity-based method. Question 3: Complete a depreciation schedule using the double-declining balance method. Hint: A depreciation schedule looks like what we did in class: YEAR Beg. BV ($) Rate Annual Dep. Exp. ($) Acc. Dep. ($) End. BV
Please submit a stapled hard copy at the beginning of class. Clearly put your name on the top of your assignment. The following information is used in questions 1 – 3. The Flavored Water Company bought a new piece of equipment at the beginning of the year for $15,400, that bottles the water. The estimated useful life of the machine is 5 years, and its estimated productivity is 75,000 bottles of water. Its salvage value is estimated to be $400. Yearly production was: Year 1: 15,000 bottles Year 2: 18,750 bottles Year 3: 11,250 bottles Year 4: 22,500 bottles Year 5: 7,500 bottles Question 1: Complete a depreciation schedule using the straight-line method. Question 2: Complete a depreciation schedule using the activity-based method. Question 3: Complete a depreciation schedule using the double-declining balance method. Hint: A depreciation schedule looks like what we did in class: YEAR Beg. BV ($) Rate Annual Dep. Exp. ($) Acc. Dep. ($) End. BV The Flavored Water Company bought a new piece of equipment at the beginning of the year for $15,400, that bottles the water. The estimated useful life of the machine is 5 years, and its estimated productivity is 75,000 bottles of water. Its salvage value is estimated to be $400. Yearly production was: Year 1: 15,000 bottles Year 2: 18,750 bottles Year 3: 11,250 bottles Year 4: 22,500 bottles Year 5: 7,500 bottles Question 1: Complete a depreciation schedule using the straight-line method. Question 2: Complete a depreciation schedule using the activity-based method. Question 3: Complete a depreciation schedule using the double-declining balance method. Hint: A depreciation schedule looks like what we did in class: YEAR Beg. BV ($) Rate Annual Dep. Exp. ($) Acc. Dep. ($) End. BV