Question
Headlands Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company
Headlands Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to 0 decimal places, e.g. 5,275.) fill in the blanks
| Description | Date Purchased | Cost | Residual Value | Life in Years | Depreciation Method | Accumulated Depreciation to Dec. 31, 2023 | Depreciation for 2024 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Machine A | Dec. 2, 2022 | $180,000 | $17,000 | 10 | Double-declining-balance | $50,400 | $???? | |||||||
| Machine B | Aug. 15, 2021 | ???? | 15,000 | 5 | Straight-line | 29,000 | ???? | |||||||
| Machine C | July 21, 2020 | 75,600 | 24,000 | 8 | Double-declining-balance | ???? | ???? |
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EAuditing Fundamentals Virtual Communication And Remote Auditing
Authors: J.P. Russell, Shauna Wilson
1st Edition
0873898486, 978-0873898485
