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Crane Ltd, purchased a new machine on April 4, 2017, at a cost of $172,000. The company estimated that the machine would have a residual
Crane Ltd, purchased a new machine on April 4, 2017, at a cost of $172,000. The company estimated that the machine would have a residual value of $14,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,600 hours in 2017: 2,000 hours in 2018; 2.200 hours in 2019;2,300 hours in 2020; and 1.900 hours in 2021. Crane has a December 31 year end. (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense 2018 expense $ $ $ 2019 expense 2020 expense $ 2021 expense $ (3) Units-of-production for 2017 through to 2021. 2017 expense $ 2018 expense $ 2019 expense $ 2020 expense $ 2021 expense $
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