Copper Corporation bought a machine for $84,000 cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the estimated useful life in productive units is...

Please answer all 3 requirements

Extracted text: Copper Corporation bought a machine for $84,000 cash. The estimated useful life was five years and the estimated residual value was $9,000. Assume that the estimated useful life in productive units is 177,000. Units actually produced were 47,200 in year-1 and 53,100 in year 2. Required: 1. Determine the appropriate amounts to complete the following schedule. 2-a. Which method would result in the lowest net income for year 1? 2-b. Which method would result in the lowest net income for year 2? 3. Which method would result in the lowest fixed asset turnover ratio for year 1? Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 28 Req 3 Determine the appropriate amounts to complete the following schedule. (Do not round i answers to the nearest whole dollar.) Depreciation Expense Year 2 Book Value at the End of Method of Depreciation Year 1 Year 1 Year 2 Straight-line Units-of-production Double-declining-balance Req 2A >


Extracted text: Which method would result in the lowest net income for year 1? Straight-line OUnits-of-production Double-declining-balance < req="" 1="" req="" 2b=""> Which method would result in the lowest net income for year 2? ODouble-declining-balance OStraight-line OUnits-of-production < req="" 2a="" req="" 3=""> Which method would result in the lowest fixed asset turnover ratio for year 1? Units-of-production Double-declining-balance Straight-line < req 2b reg 3 req="" 2b="" reg="">