Solar innovations corporation bought a machine at the beginning of the year at a cost of $22,000.
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 for :
year 1, 2,000 units:
year 2, 3,000 units;
year 3, 2,000 units;
year 4, 2,000 units: and
year 5, 1,000 units.
complete a depreciation schedule for each of the alternative methods. (do not round intermediate
calculations.)
a. straight-line.
b. units-of-production.
c. double-declining-balance.