Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $8,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,250 hours; year 2, 2,350 hours: year 3, 2,300 hours: year 4. 2.100 hours; and year 5, 1,000 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Year At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Req 1C Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Depreciation Accumulated Expense Depreciation Book Value
Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine was purchased at the beginning of the year at a cost of $8,500. The estimated useful life was five years and the residual value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,250 hours; year 2, 2,350 hours: year 3, 2,300 hours: year 4. 2.100 hours; and year 5, 1,000 hours. Required: 1. Complete a depreciation schedule for each of the alternative methods. a. Straight-line. b. Units-of-production. c. Double-declining-balance Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Year At Acquisition Year 1 Year 2 Year 3 Year 4 Year 5 Req 1C Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Depreciation Accumulated Expense Depreciation Book Value
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[The following information applies to the questions displayed below.]
Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine
was purchased at the beginning of the year at a cost of $8,500. The estimated useful life was five years and the residual
value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production
was year 1, 2,250 hours, year 2, 2,350 hours: year 3, 2,300 hours; year 4. 2.100 hours; and year 5, 1,000 hours.
Required:
1. Complete a depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance
Complete this question by entering your answers in the tabs below.
Req 1A
Req 1C
Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers
to the nearest dollar amount.)
Req 18
Year
At Acquisition
Year 1
Year 2
Year 3
Year 4
Year 5
Depreciation Accumulated
Expense Depreciation
Book Value
Reg 14
Req 18 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F506c3f2a-e371-4ce1-aa8d-cf5301d8204a%2F2bb90ac2-82a3-4ce1-b8b0-8fd87adc68e5%2Ffx6ogsj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Nicole's Getaway Spa (NGS) purchased a hydrotherapy tub system to add to the wellness programs at NGS. The machine
was purchased at the beginning of the year at a cost of $8,500. The estimated useful life was five years and the residual
value was $500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production
was year 1, 2,250 hours, year 2, 2,350 hours: year 3, 2,300 hours; year 4. 2.100 hours; and year 5, 1,000 hours.
Required:
1. Complete a depreciation schedule for each of the alternative methods.
a. Straight-line.
b. Units-of-production.
c. Double-declining-balance
Complete this question by entering your answers in the tabs below.
Req 1A
Req 1C
Complete a depreciation schedule for straight-line method. (Do not round intermediate calculations. Round your final answers
to the nearest dollar amount.)
Req 18
Year
At Acquisition
Year 1
Year 2
Year 3
Year 4
Year 5
Depreciation Accumulated
Expense Depreciation
Book Value
Reg 14
Req 18 >
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