Question
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
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 N341TXP88 .. N172XW97 N217MDU76 Depreciation Method Declining balance Straight Line .. Units of Activity Purchase date October 1,2020 . January 1,2020 July 1,2020 Cost ($) 260000 150000 200000 Salvage Value ($) 60000 10000 30000 Useful Life (Years) 4 4 5 N217MDU76 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.
help me asap
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