a And also post the journal entries in their various accounts.

Combat Covid-19 Ltd was established to produce disposal protective masks and face shields which are in high demand. The company bought an Ultrasonic Machine at a purchase price of GHC50,000; transportation charges GH3,000; Purchase commission GHC1,000; and Installation and testing GHC3,600. The Ultrasonic Machine produces 80 pieces per minute. It works 24 hour per day for five-day week and uses 2 days for maintenance and repairs. The machine will be used for 20 weeks after which it will be sold at a salvage value of GHC7,600. The 20 weeks should recover the machine cost. You are required to: a. determine the machine cost b. calculate the depreciation expense using straight line method C. calculate the unit cost of depreciation de prepare weekly schedule of depreciation for the straight line and unit-of-production methods for 5 weeks separately (e.g. week, cost, depreciation expense, accumulated depreciation, and Net Book value; consider the weeks as periods). Ignore salvage value when calculating unit-of-production. e. journalize the depreciation expense and accumulated depreciation of the straight line method Combat Covid-19 Ltd was established to produce disposal protective masks and face shields which are in high demand. The company bought an Ultrasonic Machine at a purchase price of GHC50,000; transportation charges GH3,000; Purchase commission GHC1,000; and Installation and testing GHC3,600. The Ultrasonic Machine produces 80 pieces per minute. It works 24 hour per day for five-day week and uses 2 days for maintenance and repairs. The machine will be used for 20 weeks after which it will be sold at a salvage value of GHC7,600. The 20 weeks should recover the machine cost. You are required to: a. determine the machine cost b. calculate the depreciation expense using straight line method C. calculate the unit cost of depreciation de prepare weekly schedule of depreciation for the straight line and unit-of-production methods for 5 weeks separately (e.g. week, cost, depreciation expense, accumulated depreciation, and Net Book value; consider the weeks as periods). Ignore salvage value when calculating unit-of-production. e. journalize the depreciation expense and accumulated depreciation of the straight line method