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On Jan1,2020, Maysa company acquired a machine at a cost of BD142000. The machine is expected to have a salvage value of BD2000 and expected
On Jan1,2020, Maysa company acquired a machine at a cost of BD142000. The machine is expected to have a salvage value of BD2000 and expected to be worked 70000 by the end of 5-year useful life. Actual hours worked were 20000 in 2017, 15000 in 2018, 15000 in 2019, 15000 in 20201 and 5000 in 2021. Required: Compute the depreciation under units of production method. Annual period Depreciable cost Useful life Depreciation Accumulated expense depreciation Book value 1- Prepare the journal entry for first year. Account Title and Explanation Date PR Debit Credit
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