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: 00:58:39. Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. eBook 2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) Income Statement Balance Sheet Depreciation Expense Accumulated Depreciation Book Value Year Cost At acquisition 2 3 4 5 Req 1 Req 2A >

Question
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:
00:58:39. Complete a depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
eBook
2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more
efficiently under this depreciation method?
Complete this question by entering your answers in the tabs below
Req 1A
Req 1B
Req 1C
Req 2A
Req 2B
Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations. Round final
answers to the nearest whole dollars.)
Income
Statement
Balance Sheet
Depreciation
Expense
Accumulated
Depreciation Book Value
Year
Cost
At acquisition
2
3
4
5
Req 1
Req 2A >
Expand
Transcribed Image Text

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: 00:58:39. Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance. eBook 2. Which method will result in the highest net income in year 2? Does this higher net income mean the machine was used more efficiently under this depreciation method? Complete this question by entering your answers in the tabs below Req 1A Req 1B Req 1C Req 2A Req 2B Complete a depreciation schedule for Double-declining-balance method. (Do not round intermediate calculations. Round final answers to the nearest whole dollars.) Income Statement Balance Sheet Depreciation Expense Accumulated Depreciation Book Value Year Cost At acquisition 2 3 4 5 Req 1 Req 2A >

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