Question
(a) Parish Corporation purchased a new machine for its assembly process on January 1, 2021. The cost of this machine was Tk. 100,000. The company
(a) Parish Corporation purchased a new machine for its assembly process on January 1, 2021. The cost of this machine was Tk. 100,000. The company estimated that the machine would have a salvage value of Tk. 10,000 at the end of its service life. Its life is estimated at 5 years and its working hours are estimated at 1,000 hours. Year-end is December 31. Hour used for the five years are 200,150,250,300 and 100 hours. Instructions: i. Compute the depreciation expense for the first two year sunder the following methods. (1) Straight-Line, (2) Units-of-Activity (3) Double-Declining Balance. please some one do instructions number (I)
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