This window shows what is correct and incorrect for the work

This window shows what is correct and incorrect for the work you have completed so far Even i of the work you have done so far is correct, you may not have completed everything 4.00 points Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $34,000. The estimated useful life was five years and the residual value was $4,000. Assume that the estimated productive life of the machine is 15,000 units. Expected annual production for year 1, 3,100 units; year 2, 4,100 units; year 3, 3,100 units; year 4, 3,100 units; and year 5, 1,600 units. Required 1. Complete a depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.) Answer is complete but not entirely correct. Balance Sheet 34,000 6.000 34,000s 6,0028,000 0 1022.000 00 18000 16,000 2400 10,000 Balance Sheet Depreciation Cost 3,100$ 28,000 100 22.000 3,100 0 3,100 ,600 0

Solution

SLM Cost of machine 34000 less: Slavage value\' 4000 Deprciable amount 30000 Life 5 Annual depreciation 6000 Year Depreciation Cost Accumulated Book Value Expense Dep Acquisition 34000 1 6000 34000 6000 28000 2 6000 34000 12000 22000 3 6000 34000 18000 16000 4 6000 34000 24000 10000 5 6000 34000 30000 4000 Unit of Production Depreciable amount 30000 Divide: Life of mahcine in units 15000 Rate per unit 2 Units produced Depreciation Year-1 3100 6200 Year-2 4100 8200 Year-3 3100 6200 Year-4 3100 6200 Year-5 1600 3200 Schdule Year Depreciation Cost Accumulated Book Value Expense Dep Acquisition 34000 1 6200 34000 6200 27800 2 8200 34000 14400 19600 3 6200 34000 20600 13400 4 6200 34000 26800 7200 5 3200 34000 30000 4000