On June 1, 2014, Flippy-Floppy purchased a manufacturing machine

QUESTION

On June 1, 2014, Flippy-Floppy purchased a manufacturing machine
for
$830,000. In addition ,FOB shipping Point was $4000.Flippy-Floppy paid $20,000
to modify the production line to
accommodate the new machine .Handy was charged an installation and testing fee
for $10,000.The machine has an eight-year estimated life
and a $44,000 estimated
salvage value. Flippy-Floppy expects to manufacture 1,800,000 units over the
life
of the machine.
Required: Complete the required depreciation schedules on the manufacturing
machine for each method listed. (Do not provide any supporting calculations.)
The additional production information is as follows:

Year

Production

2014

110,000

2015

300,000

2016

350,000

2017

350,000

2018

500,000

2019

450,000

2020

375,000

2021

400,0000

Schedules for:
a. Straight-line.

Year

Depreciation Expense

Accumulated Depreciation

End of Year Book Value

2014

2015

2016

b. Double-decliningbalance.

Year

Depreciation
Expense

Accumulated
Depreciation

End of
Year Book Value

2014

2015

2016

2017

2018

2019

2020

2021

2022

c.Sum-of-the-years’digits.

Year

Depreciation
Expense

Accumulated
Depreciation

End of
Year Book Value

2014

2015

2016

2017

2018

2019

2020

2021

2022

d. Unitsofproduction.

Year

Depreciation Expense

Accumulated Depreciation

End of Year Book Value

2014

2015

2016

2017

2018

2019

2020

2021

ANSWER

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