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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: 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 .... ...... N381TXP86 ... ... ... ... N127XW90 ... .... N292MDU77 Depreciation Method ... ... Declining balance ... ... ... Straight Line Units of Activity Purchase date ..... ... October 1,2020 ... January 1,2020 ... ... ... ... July 1,2020 Cost ($).... 240000 150000 190000 Salvage Value ($).... ... 10000...... 40000 Useful Life (Years) ............. 5 .... ... ... ... ... ... ... ... 4 ... ... ... ... ... ... ... ... ... ... 5 60000 ...... N292MDU77 is expected to be used for 25000 hours. Actual hours used in the year 2020 and 2021 were 5700 hours and 11000 hours respectively. Complete the depreciation schedules of each of the machines for 2020 and 2021
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