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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 2014 at a cost of $15,500. The estimated useful life was five years, and the residual value was $1,500. Assume that the estimated productive life of the machine is 10,000 hours. Expected annual production was: year 1, 2,350 hours; year 2, 2,500 hours; year 3, 2,050 hours; year 4, 2,100 hours and year 5, 1,000 hours.

Required:

1. Complete a depreciation schedule for each of the alternative methods.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92767163

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