Solution-Computing depreciation under alternative methods

Computing depreciation under alternative methods

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Reference no: EM13509227

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.

(b)Units-of-production:

	Income Statement	Balance Sheet
Year	Depreciation Expense	Cost	Accumulated Depreciation	Book Value
At acquisition				$
1	$	$	$
2
3
4
5

(c)Double-declining-balance

	Income Statement	Balance Sheet
Year	Depreciation Expense	Cost	Accumulated Depreciation	Book Value
At acquisition				$
1	$	$	$
2
3
4

Reference no: EM13509227

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Computing depreciation under alternative methods

Reference no: EM13509227

Reference no: EM13509227

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