Question
In may 1 2023, equipment cost $630000, residual value is $30000, useful life is 20years, production in units is 240000, working hours is 25000, physical
In may 1 2023, equipment cost $630000, residual value is $30000, useful life is 20years, production in units is 240000, working hours is 25000, physical life is 15years, residual value is 3000. During, the hours used in 2023 were 2650 and 3000 in 2024. The units produced in 2023 were 25500 and 29000 in 2024. (Q1) What is the yearly amount of depreciation assuming a December 31 year end, for each of straight line units of productions, working hours, declining balance using 10% and the sum-of- the years digits(Q2) prepare the journal entries for each of the 2023 and 2024 years
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SAP S/4 HANA For Financial Accounting Associates SAP Certified Application Associate
Authors: D Jacobs ,S Matiana
1st Edition
1545316171, 978-1545316177
