11 1 A H G F E D B 1 Question 1: Capital Assets (20 marks) 2 On April 1, 2020, Evergreen purchased a tree grinding machine for $160,000. The machine was estimated to have a five-year 3 useful life and an $8,000 residual value. The company has a December 31st year end. 4 t was also estimated to have a total useful life of 12,000 hours. It is used for 1,600 hours in the year ended December 31, 2000 , 3.000 hours in the year ended December 31, 2021, 2.900 hours in the year ended December 31, 2022, 2,000 hours in the year ended December 31, 2023, 2,000 hours in the year ended 2024 and 500 in the year ended 2025. 9 10 11 (1) How much deprecation expense should Evergreen record in each of 2020 to 2025 under each depreciation method: (a) straight line, blunits of production, and (c) double diminishing cost? Units of Double Diminishing Balance Straight Line Production Method Method Carrying Amount Depreciation Expense (round rate to 13 2 decimal) 14 2000 15 2021 16 2022 17 2023 18204 Com het Question apparton Quest 2 Shareholders from 11 D Units of Double Diminishing Balance Straight Line Production Method Method Carrying Amount Depreciation Expense (round rate to 2 decimal) 12 Year 3 14 2020 15 2021 16 2022 17 2018 19 2024 19 2025 20 21 22. What is the accumulated depreciation under each method for the year ended December 31, 2021? 2 24 Units of Double Straight Line Production Diminishing Method Method Balance 25 2021 2 Core Set Quotes 1 Depreciation Question 2 Shareholders Equity Question 3 Ratio Analysis Question 4 Multiple Cho D C Porter's Tauty (121) med pray that has been in operation for many years. Lindbere common shares authorized and 2.2 milion shares issued with a dollar value of $26.4 Million. As peatus uterond we 250000 of them issued with a dollar value of $7,000,000 Stop 52.2025. The preleted shares pay an annual dividend of $3 per share. holdes tour intend to al common shareholders the total amount was 51,380,000 2. Complete the statement of changes in - Chicosch - 142% + 22 Z o du 2 B 2 Credit Debit 9 Required: 10 1. Prepare the required journal entries Date Account Titles January 3, 2020 14 15 January 6, 2020 16 17 18 Ler 12, 2020 19 20 e question 1 Directen Question Shareholders Equy Question 3 Ratio Analysis Question 4 Multiple Choice + Gerry Corporation Statement of Changes in Shareholder's Equity Number of common Year Ended December 31, 2020 Number of preferred Preferred Common Shares shares Shares Retained Earnings Total 2200 2200,000 $ 26,400,000 250,000 $ 7,000,000 $ 23,236,435 $56,636,435 at income Bedan coma ustan Question 4 Muuple Choice + Give Feedback to Microsoft F P