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Please answer all the questions. 1)If the machine is being depreciated on a straight line basis, what is the book value at 12/31 year 3?
Please answer all the questions.
1)If the machine is being depreciated on a straight line basis, what is the book value at 12/31 year 3?
2) If the machine is depreciated using double decling balance, how much is the depreciation for year 1?
3) If machine is depreciated using double decling balance, what is the book value at 12/31 year 3?
4) If the machine is being depreciated using the units of activity method, what is the depreciation for year 1 if 600,000 units are produced?
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