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Moinul Enterprise has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: ...
Moinul Enterprise has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: ... ... Machine Model N317TXP89 N105XW99 ....... N291 MDU79 Depreciation Method ... ... Declining balance ... Straight Line ... Units of Activity Purchase date ... October 1,2020 January 1,2020 ... July 1,2020 Cost ($) 240000 ... 140000 180000 Salvage Value ($) 50000 40000 Useful Life (Years) 4 ... 5 ... 6 ... ... ... 20000 ...... ... N291 MDU79 is expected to be used for 25000 hours. Actual hours used in the year 2020 and 2021 were 5600 hours and 10700 hours respectively. Complete the depreciation schedules of each of the machines for 2020 and 2021
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