Assume Organic Ice Cream Company, Inc., 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 $20,000. The estimated useful life was four years, and the residual value was $2,360. Assume that the estimated productive life of the machine was 9,800 hours. Actual annual usage was 3,920 hours in Year 1; 2,940 hours in Year 2; 1,960 hours in Year 3; and 980 hours in Year 4.
Required:
Complete a separate depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance.
Answers: 3
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Assume Organic Ice Cream Company, Inc., bought a new ice cream production kit (pasteurizer/homogeniz...
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