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Du-point co. purchases a factory machine at a cost of Tk.1,850,000 on March 01, 2015. Du-point expects the machine to have a salvage value of
Du-point co. purchases a factory machine at a cost of Tk.1,850,000 on March 01, 2015. Du-point expects the machine to have a salvage value of Tk.50,000 at the end of its 3-years useful life. During its useful life, the machine is expected to be used 1,200,000 hours. Actual annual hourly use was:
Year | Hours |
2015 | 400,000 |
2016 | 300,000 |
2017 | 500,000 |
Requirements:
Prepare depreciation schedules for assets under the following methods:
a) Units of activity
b) Sum of year
c) Double declining balance
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