Question
A coin machine costing BD 300,000 has a salvage value of BD 15,000 at the end of its life of five years. Determine the annual
A coin machine costing BD 300,000 has a salvage value of BD 15,000 at the end of its life of five years. Determine the annual depreciation for the second year only. Using service output method.
The schedule of production per year is as follows:
| Year | No of coins |
| 1 | 10,000 |
| 2 | 70,000 |
| 3 | 65,000 |
| 4 | 45,000 |
| 5 | 50,000 |
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
