Question

I NEED SOMEONE TO DO THIS FOR ME ASAP PLEASE! It's super easy, I just don't have time!!

Seved Help Required information CC9-1 Accounting for the Use and Disposal of Long-Lived Assets [LO 9-3, LO 9-5) (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 $22,000. The estimated useful life was five years and the residual value was $1,000. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was year 1, 2,400 hours: year 2, 2,350 hours; year 3, 2,150 hours; year 4, 2,100 hours; and year 5, 1,000 hours. CC9-1 Part 1 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. Rea 1A 1 Reg 1B Rea 1 < Prev 4 5 6 of 6 Next >

Answer 1

Straight Line
Date	Cost of asset	Depreciable cost	Useful life	Depreciation expenses	Accumulated Depreciation	Book value
At Acquisition						$22,000
Year 1	$22,000	$21,000	5 Years	$4,200	$4,200	$17,800
Year 2	$22,000	$21,000	5 Years	$4,200	$8,400	$13,600
Year 3	$22,000	$21,000	5 Years	$4,200	$12,600	$9,400
Year 4	$22,000	$21,000	5 Years	$4,200	$16,800	$5,200
Year 5	$22,000	$21,000	5 Years	$4,200	$21,000	$1,000
Units of production
Date	Cost of asset	Depreciation per hours	No. of hours	Depreciation expenses	Accumulated Depreciation	Book value
At Acquisition						$22,000
Year 1	$22,000	$2.10	2400	$5,040	$5,040	$16,960
Year 2	$22,000	$2.10	2350	$4,935	$9,975	$12,025
Year 3	$22,000	$2.10	2150	$4,515	$14,490	$7,510
Year 4	$22,000	$2.10	2100	$4,410	$18,900	$3,100
Year 5	$22,000	$2.10	1000	$2,100	$21,000	$1,000
Double Declining balance
Date	Cost of asset	Book Value	DDB Rate	Depreciation expenses	Accumulated Depreciation	Book value
At Acquisition						$22,000
Year 1	$22,000	$22,000	40.00%	$8,800	$8,800	$13,200
Year 2	$22,000	$13,200	40.00%	$5,280	$14,080	$7,920
Year 3	$22,000	$7,920	40.00%	$3,168	$17,248	$4,752
Year 4	$22,000	$4,752	40.00%	$1,901	$19,149	$2,851
Year 5	$22,000	$2,851	40.00%	$1,140	$20,289	$1,711