Complete a separate depreciation schedule

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Question - Computing Depreciation under Alternative Methods - Assume Purity Ice Cream Company, Inc, In Ithaca, NY, bought a new ice cream production kit (pasteurizer/homogenizer, cooler, aging vat, freezer, and filling machine) at the beginning of the year at a cost of $152,000. The estimated useful life was four years, and the residual value was $8,000. Assume that the estimated productive life of the machine was 16,000 hours. Actual annual usage was 5,500 hours In Year 1: 3,800 hours In Year 2: 3,200 hours In Year 3: and 3,500 hours In Year 4.

Required - Complete a separate depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance.

Reference no: EM133096281

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