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Cuestion 2 company A purchased a machine for It will have a residual value of and a useful life of 100,000 units $650,000 on Jan
Cuestion 2 company A purchased a machine for It will have a residual value of and a useful life of 100,000 units $650,000 on Jan 1 2018, their year end is dec 31st $150,000 a) using the units of activity method complete the following table $ deprecation per units used = Tear 1 opening balance Deprectision expense cc. To dat NBV units used 15,000 33.000 52,000 3 a) create the journal entry to record deprecation in year 1 & 3 Date Description DR year 1 CR year 3 b) using the units of activity method, what is the next book value of the assets at the end of year Year 2 machine Acc. Depreciation machine Net book value
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