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1. May you help me, to find amortization expense per unit rate production amortization schedule 2. Double declining balance rate and ormotization schedule. Thanks On
1. May you help me, to find amortization expense per unit rate production amortization schedule 2. Double declining balance rate and ormotization schedule. Thanks
On January 1, 2020, Miller Demolition, a St George, Ontario, company specializing in blasting and removing buildings, purchased and took delivery of a new dump truck to add to its growing fleet. Miller Demolition has a high-class reputation and uses only the best and newest equipment on its worksites. The business spent $150,000 plus HST on the truck, which is expected to be useful to the business for four years, at which time it should be able to be sold for $60,000. Miller Demolition has always used the straight-line basis of calculating amortization. The new owners want to see the amortization schedules for the straight-line, UOP, and DDB methods just to be sure this makes sense. The business expects the truck to be useful for 200,000 kilometres64,000 kilometres in Year 1, 48,000 kilometres in each of Years 2 and 3, and 40,000 kilometres in Year 4. Is there a problem with continuing to use the straight-line method? I woul.LULUI Before completing the units-of-production amortization schedule, calculate the amortization expense per unit rate (Round the rate to three decimal places. Abbreviation used: KM = kilometres.) Asset Residual Total Unit Cost Value Output Amortization per KM ( ) Complete the Units-of-Production Amortization Schedule Start by completing the first two years. (Enter the rate to three decimal places. Round the amortization expense to the nearest whole number. Enter the final asset book value using the method described in the text. Abbreviation used: KM = kilometres.) Asset Asset Units-of-Production Amortization Schedule Amortization Number of Amortization Accumulated Per KM Kilometres Expense Amortization Book Value Date Cost Jan 1, 2020 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022Step by Step Solution
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