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02-11-2022
Business

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schrade company bought a machine for $126,000 cash. the estimated useful life was four years and the estimated residual value was $6,740. assume that the estimated useful life in productive units is 134,000. units actually produced were 57,000 in year 1 and 59,000 in year 2. required: 1. determine the appropriate amounts to complete the following schedule. 2-a. which method would result in the lowest earnings per share for year 1? 2-b. which method would result in the lowest earnings per share for year 2? 3. if used for tax reporting, which method would result in the highest amount of cash outflows in year 1?

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