Asif Company acquired machinery on January 1, 2014 with an amount AED84,000. The useful life of the machinery is expected to be 4 years. The salvage value at the end of the life of the machinery is expected to be AED4,000. The machinery can produce maximum 80,000 units during its useful life.

Required: -

a- Show the journal entry to record depreciation expense at the end of the year 2016, and 2017 using

i- Straight-line method

ii- Unis-of-production method

iii- Double declining balance method.

b- Show the presentation of the asset in the balance sheet for the year ended on Dec 31^st, 2016, and 2017 using

i- Straight-line method

ii- Unis-of-production method

iii- Double declining balance method.