# Solar Innovations Corporation bought a machine at the beginning of the year at a cost of \$39,000. The estimated useful life was five years and the residual value was \$4,000. Assume that the estimated productive life of the machine is 20,000 units. Expected annual production was year 1, 4,600 units; year 2, 5,600 units; year 3, 4,600 units; year 4, 4,600 units; and year 5, 600 units Required 00-59151. Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. 2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more eBook efficiently under this depreciation method? Complete this question by entering your answers in the tabs below. Req 1AReq 1B Req 1C Req 2AReq 2B Complete a depreciation schedule for Straight-line method. (Do not round intermediate calculations.) Income Statement Balance Sheet Depreciation Expense Year Cost Depreciation Bok Value At acquisition 2 3 4 5 Req 1A Req 1B>

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter18: Accounting For Long-term Assets
Section: Chapter Questions
Problem 3CE: A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years....
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