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Papon PLC has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: Machine

Papon PLC has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: 

Machine Model … … … … … N280MDU76 … … … … … N125XW96 … … … … .. N327TXP83 

Depreciation Method … … Units of Activity … … … … Straight Line … … … … Declining balance method 

Purchase date … … … … … July 1,2020 … … … … … .. January 1,2020 … … … . October 1,2020 

Cost ($) … … … … … … … … 190000 … … … … … … … 150000 … … … … … … … 250000 

Salvage Value ($) … … … … 40000 … … … … … … … … 10000 … … … … … … … 60000 

Useful Life (Years) … … … … 6 … … … … … … … … … … 4 … … … … … … … … … 5 

N280MDU76 is expected to be used for 26000 hours. Actual hours used in the year 2020 and 2021 were 5500 hours and 10500 hours respectively. Complete the depreciation schedules of each of the machines for 2020 and 2021.

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