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and also do Deminishing balance use twice the straight line rate uestion 4 - Depreciation (12 marks) le Corp. purchased new machinery for $129,200 on
and also do Deminishing balance use twice the straight line rate
uestion 4 - Depreciation (12 marks) le Corp. purchased new machinery for $129,200 on April 22, 2015. The compa de the following estimates: Residual value of $14,000 Useful life is 5 years Useful life in units is 12,000 units e company has a December 31 fiscal year-end and has a policy of recording preciation to the nearest month. Calculate depreciation expense for the years 2015 d 2016 using the following methods: a) Straight-line (4 marks) Units of production assuming the machinery produced 1,900 units in 2015 2,800 units in 2016 (4 marks) Step by Step Solution
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