Jared Industries Ltd., a public company, presents you with the following information:

Instructions
(a) Complete the table for the year ended December 31, 2021. The company depreciates all assets for a half year in the year of acquisition and the year of disposal.
(b) What criteria would you consider in determining whether to select the straight-line or double-declining-balance method?

Transcribed Image Text:

Accumulated Date Purchased Dec. 2, 2019 Aug. 15, 2018 July 21, 2017 Residua Lie in Deprciaion Depreciation to Depreciation Method Description Machine A Machine B Machine C Cost $142,500 75,400 Value $16,000 21,000 23,500 Dec. 31, 2020 $39,900 29,000 for 2021 10 Straight-line Double- declining- balance 8