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 ; 3,800 hours in Year 2; 3,200 hours in Year 3; and 3,500 hours in Year 4. Required:
1. Complete a separate depreciation schedule for each of the alternative methods. Round your answers to the nearest dollar.
Straight-line
2. Units-of-production (use two decimal places for the per unit output factor).
3. Double-declining-balance.