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On January 1 , 2 0 2 4 , Ivanhoe Mining Ltd . purchased new mining equipment costing $ 3 7 2 , 5 6
On January Ivanhoe Mining Ltd purchased new mining equipment costing $ which will be depreciated on the
assumption that the equipment will be useful for four years and have a residual value of $ when the company is finished using it
The estimated output from this equipment, in tonnes, is as follows: ;;; The
company is now considering possible methods of depreciation for this asset.
a
Calculate what the depreciation expense would be for each year of the asset's life, if the company chooses:
i The straightline method
Straightline depreciation $
per year
ii The unitsofproduction method Round depreciation per unit to decimal places, eg and depreciation expense to decimal
places, eg
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