Cherokee Company acquired a machine on January 1, 2009, that cost $2,700 and had an estimated residual value of $200. Complete the following schedule using the three methods of depreciation: A. straight-line, B. units-of-production, C. 150% declining-balance.
Method Estimated Useful Life Depreciation Accumulated
Expense for 2010 Depreciation
12/31/2010
A.SL 5years
B.UOP 10,000 units
1,000 units (2009's actual)
1,200 units (2010's actual)
C.DB 5years