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im struggling with these question please do it by excel asap i have class today .nIOptus 4G 12:38 pm @ 9' 65% E) Done 2

im struggling with these question please do it by excel asap i have class today

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.nIOptus 4G 12:38 pm @ 9' 65% E) Done 2 of 9 ACCY 112: Accounting In Organisations Spring 2019- School of Accounting, Economics and Finance Computer Lab Exercise question 4 - Week 6 On 15 March 2018, Mythical Pty Ltd purchased two items of equipment, in cash, that were to be installed and tested in the company factory. The following costs were incurred in this process; Equipment A Equipment B S $ Purchase Price 98,500 85,700 Installation and testing cost 4,500 2,100 Salary of employees installing and testing the equipment 2,200 1,700 Damage to the factory wall while installing the equipment 800 500 Repair of the component of the equipment in the process of 1,700 - testing The company accountant decided to determine depreciation charges for the assets based on different depreciation methods. The following details are provided by the accountant; Equipment A Equipment B Useful Life 80,000 hours Residual Value $3,800 $2,500 Depreciation Method Diminishing balance Units of production Use of equipment type B was 5,000 hours by 30 June 2018. Required: a) Calculate the initial cost to be recorded for each type of equipment. b) Prepare the appropriate journal entries to record all costs incurred on 15 March 2018. c) Calculate the depreciation expense for the two types of equipment for the year ended 2018 and 2019. Assume that the end of financial year is 30 June (Show all workings)

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