Question
Nazmul Enterprise has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: Machine
Nazmul 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 N192XW99 .. N212MDU71 N381TXP81 Depreciation Method Straight Line Units of Activity Declining balance method Purchase date January 1,2020 . July 1,2020 .. October 1,2020 Cost ($) 150000 190000 260000 Salvage Value ($) 10000 30000 50000 Useful Life (Years) 5 6 5 N212MDU71 is expected to be used for 26000 hours. Actual hours used in the year 2020 and 2021 were 5600 hours and 10900 hours respectively.
Question: Complete the depreciation schedules of each of the machines for 2020 and 2021.
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