Shining Cookie Company, Inc., in Murfreesboro, TN bought a new ice cream maker at the beginning of the year at a cost of $12,000. The estimated useful life was four years, and the residual value was $960. Assume that the estimated productive life of the machine was 9,200 hours. Actual annual usage was 3,680 hours in year 1; 2,760 hours in year 2; 1,840 hours in year 3; and 920 hours in year 4. Required:
1. Complete a separate depreciation schedule for each of the alternative methods. (Do not round intermediate calculations.)
a. Straight-line.
b. Units-of-production (use four decimal places for the per unit output factor).
c. Double-declining-balance.

a. Straight Line :

Year 1 : $2760

Year 2 : $2760

Year 3 : $2760

Year 4 : $2760

b. Units of production :

Year 1 : $4416

Year 2 : $3312

Year 3 : $2208

Year 4 : $1104

a. Double Declining Balance :

Year 1 : $6000

Year 2 : $3000

Year 3 : $1500

Year 4 : $560

Explanation:

a. Straight Line Depreciation:

( Cost of Ice cream maker - Residual Value ) / Useful life in years

( $12,000  - $960 ) / 4 = $2760

b. Units of production :

( Cost of Ice cream maker / Total Productive machine hours ) * Annual Usage

Year 1 ($12,000 / 9200 ) * 3680 = 4416

Year 2 ($12,000 / 9200 ) * 2760 = 3312

Year 3 ($12,000 / 9200 ) * 1840 = 2208

Year 4 ($12,000 / 9200 ) * 920 = 1104

c. Double declining method :

Year 1: $12,000 * 50% = $6000

Year 2 : $12,000 * 25% = $3000

Year 3 : $12,000 * 12.5% = $1500

Year 4 : $12,000 * 6.25% = $560

answer; /// i do believe that the above is (true)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know