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2. Given: First Cost, P = $6,500 Depreciation Salvage Value, S = $1,200. Depreciation Life, N= 5 Years Year Projected Production , units Actual Production
2.Given:
First Cost, P = $6,500
Depreciation Salvage Value, S = $1,200.
Depreciation Life, N= 5 Years
Year | Projected Production , units | Actual Production , units |
1 | 3,500 | 3,000 |
2 | 4,000 | 5,000 |
3 | 4,500 | 6,000 |
4 | 5,000 | 4,500 |
5 | 5,500 | 6,000 |
Total | 24,500 |
Develop a depreciation schedule using the following three methods.
i. SL Method
ii. SOYD Method
iii. Unit of Production Method (UOP)
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