1. using straight line method of depreciation, how much is the depreciation expenses for 2021

2. using service hours method of depreciation, how much is the depreciation expenses for 2021

3.using service hours method of depreciation, how much is the carrying amount of the machine as of dec 31, 2023

4. using production method of depreciation, how much is the depreciation expenses for 2021

3.using production method of depreciation, how much is the carrying amount of the machine as of dec 31, 2023

PROBLEMS Problem 27-1 (IAA) Amicable Company purchased a machine at a cost of P635,000 on January 1, 2020. It was estimated that the machine would have a residual value of P35,000. The estimated useful life is 5 years, 60,000 service hours and 150,000 production units. Actual operations Service hours 14,000 34.000 2021 13,000 32.000 10,000 25.000 11,000 29.000 12,000 30,000 Unit produced 2020 2022 2023 2024