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please give me correct answer Depreciation (10 marks) Mace Company acquired equipment that cost $66,000, which will be depreciated on the assumption that the equipment
please give me correct answer Depreciation (10 marks) Mace Company acquired equipment that cost $66,000, which will be depreciated on the assumption that the equipment will last six years and have a $4,300 residual value. Component parts are not significant and need not be recognized and depreciated separately. Several possible methods of depreciation are under consideration Required: 1. Prepare a schedule that shows annual depreciation expense for the first two years, assuming the following (Round your answer to nearest whole dollar): a. Declining balance method, using a rate of 30% b. Productive-output method. Estimated output is a total of 210,000 units, of which 24,000 will be produced the first year, 36,000 in each of the next two years: 30,000 the fourth year, and 42,000 the fifth and sixth years. c. Straight-line method Year Answer is complete but not entirely correct. (b) (a)DB 30% Productive (c) SL Output $ 18,510 XS 7,051 10.283 12,957 X 10,577 10,283 1 2 2. Repeat your calculations for requirement 1, assuming a useful life of 10 years, and a declining balance rate of 20% that reflects the longer life, but the same number of units of production. The residual value is unchanged. Year Answer is complete but not entirely correct. (a) DB (b) 20% Productivo (c) SL Output $ 12,340 7.051 $6.170 9.872 10,577 6,170 1 2
please give me correct answer
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