Question
Depreciation To help Pfizer with their vaccine research projects, they are considering the purchase of a new electron-scanning microscope with USB connectivity. This scanning microscope
Depreciation To help Pfizer with their vaccine research projects, they are considering the purchase of a new electron-scanning microscope with USB connectivity. This scanning microscope has a cost of $10,500, with an estimated residual value of $500 and a projected useful life of four years. The research scientist estimates the microscope will scan 475,000 samples of covid19 during its life. It actually scans the following numbers: year 1, 121,400; year 2, 122,400; year 3, 119,600; and year 4, 118,200. The total number of samples scanned by the end of year 4 exceeds the original estimatethis difference was not predicted. (The machine must not be depreciated below its estimated residual value.)
4.1 Determine the straight-line (SL) depreciation schedules for year 1 to 4.
4.2 Determine Double declining balance (DDB) depreciation schedules for year 1 to 4.
4.3 Calculate the units of production depreciation schedule for year 1 to 4. Provide all your working/calculations, and illustrate your results in a table.
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