Acc211 Chapter 8 HW

E8-7 Computing Depreciation under Alternative Methods LO3

Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of $28,000. The estimated useful life was four years, and the residual value was $2,560. Assume that the estimated productive life of the machine was 10,600 hours. Actual annual usage was 4,240 hours in year 1; 3,180 hours in year 2; 2,120 hours in year 3; and 1,060 hours in year 4.  Required:1.Complete a separate depreciation schedule for each of the alternative methods. (Round your answers to the nearest dollar amount. Omit the “$” sign in your response.)