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i need full answers please Exercise 1 On Jan 1 2015, Abdulla Company bought equipment at cost for BD21,000. It estimated a salvage value of
i need full answers please
Exercise 1 On Jan 1 2015, Abdulla Company bought equipment at cost for BD21,000. It estimated a salvage value of BD1,000 at the end of useful life 5 years. Requiresti 1- Calculate Depreciation base. 2- Calculate Depreciation Expense for year 2015 3- Complete the depreciation schedule by using straight line method. Exercise 2 Depreciation and fractional period On April 1 2015, Abdulla Company bought equipment at cost for BD21,000. It estimated a salvage value of BD1,000 at the end of useful life 5 years. Required: 1. Complete the depreciation schedule by using straight line method. Exercise 3 A motor vehicle costs 10.500 $. It will be kept for 5 years, and then sold for a scarp for 3.5005 Required: a-Calculate the depreciation for each year using the straight line method b- calculate the depreciation by using the double straight line method - calculate the depreciation by using the Sum-of-the-Years"-Digits Method C- which the best method to adopt.justify your answer Exercise 4: Units of Production method of depreciation Momhil Inc. bought a professional coffee machine costing $100,000. Over its useful life it is estimated that it can process 5,000 kgs of coffee or 200,000 servings. Entity can salvage the machine $5,000 at the end of useful life. Required: Calculate depreciation of Rotel for this year il entity is using unit of production method and it has: 1. processed 200 kgs of coffee 2. served 15,000 customers
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