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Harvest Green Ltd purchased a new excavator for its landscaping business on 1 April 2020 at a cost of 5145.000 GST rive. The estimated residual

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Harvest Green Ltd purchased a new excavator for its landscaping business on 1 April 2020 at a cost of 5145.000 GST rive. The estimated residual value is $ 15,000. The excavator has a useful life of 10 years and the business expects to use it for 28,500 hours. It god for 2,000 Hours in year 1:3,000 Hours in year 2:2,500 Hours in year 3; 2,400 Hours in year 4:2,100 Hours in year 5. The end of financial year is 30 June (a) Calculate depreciation using the straight-line method for 2020 and 2021 (2 marks) (b) Prepare a depreciation schedule for the first 3 years ending 30 June using the diminishing balance depreciation method. Assume the depreciation rate to be double the straight-line rate (12 marks) (e) Calculate depreciation using the units-of-production method (based on kilometres) for 2019 and 2020 (4 marka) ress Alt+F10 (PC) or ALT EN F10 (Mac)

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