Reference no: EM133074640

Question - Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $7,600. The estimated useful life was four years, and the residual value was $700. Assume that the estimated productive life of the machine was 10,000 hours. Actual annual usage was 3,600 hours in year 1; 3,300 hours in year 2; 2,300 hours In year 3; and 800 hours In year 4.

Required -

a. Complete a separate depreciation schedule by using Straight-line method.

b. Complete a separate depreciation schedule by using Units-of-production method.

c. Complete a separate depreciation schedule by using Double-declining-balance method.