Answer to Question #320424 in Accounting for Rival

Question

Blizzard Corporation bought a machine at a cost of 6400 USD for a new line of production of ice-creams. The estimated useful life was four (4) years and the salvage value was 800 USD. Assume that the estimated productive life of the machine is 80 000 pieces of ice-creams. Yearly production was: Year 2017, 28 000 pieces; Year 2018, 22 000 pieces; Year 2019, 18 000 pieces and year 2020, 12 000 pieces.

Determine the amount for each method of depreciation in the following table, show your work:

Depreciation expense: Years Straight-line method, Units of production method, Double declining balance method

2017 2018 2019 2020

Answer 1

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