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2. Hafiz Ullah & Company purchased a factory machine of $ 180,000 on January 1, 2012. The machine is expected to have a salvage value
2. Hafiz Ullah & Company purchased a factory machine of $ 180,000 on January 1, 2012. The machine is expected to have a salvage value of $20,000 at the end of its 4 year useful life. Required: (5 points) a) Calculate depreciation using straight line b) Calculate and prepare depreciation table using reducing balance method c) Reflect the depreciation as a journal entry
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