On 1 January 2009, Mietal Resources Inc. purchased earth-moving equipment for $875 000. The equipment is rated
Question:
On 1 January 2009, Mietal Resources Inc. purchased earth-moving equipment for $875 000. The equipment is rated for a total of 10 000 hours of operation. Actual hours of operation were 1850 in 2009, 2010 in 2010, 2200 in 2011 and 2100 in 2012. Transportation for the equipment cost $22 000. The equipment has an estimated useful life of four years with a $150 000 residual value. The company uses the double-diminishing balance method to allocate the asset’s cost to income. Based on this information, complete the following schedule.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: