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Please help with below problem 31 Oct 20X? company BETA purchased advanced oil drilling equipment for total price 60 000 000 CU. The contract includes

Please help with below problem

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31 Oct 20X? company BETA purchased advanced oil drilling equipment for total price 60 000 000 CU. The contract includes following components: 0 technical devices: 33 000 000 CU, 0 electronic control system: 25 000 000 CU, 0 existing inspection: 2 000 000 CU_ Company BETA expects that technical devices can be used for 80 000 hours (expected useful life, alter that work they will have value 0), while electronic components will be switched for a new version in 8 years (BETA expects that replaced electronic system will be sold for 3 000 000 CU}: According to the contract, major inspection is required every 20 000 working hours Each inspection costs 2 000 000 CU. Moreover, company BETA has to bear costs of day-to-day services, which amount to 12 000 CU per month. In the following periods bought machines were used as follows: Period Working hours M Novr 20x7 270 W M Jan 20X8 480 Feb 20th 400 Mar 20KB 410 W May 20KB 450 Jun 20X8 460 Nov 20X7 270 Dec 20X7 460 20X8 Jan 20X8 480 Feb 20X8 400 Mar 20X8 410 Apr 20X8 430 May 20X8 450 Jun 20X8 460 Jul 20X8 470 Aug 20X8 490 Sep 20X8 450 Oct 20X8 480 Nov 20X8 450 Dec 20X8 410 30 Jun 20X8 BETA decided also that electronic components will be in use for longer period. According to reviewed expectations, they will be switched for a new version after 10 years from the initial recognition. Due to extended useful life, BETA decreased also expected selling price to 2 200 000 CU. Required: Determine monthly depreciation expense of new oil drilling machines for year 20x8 (calculate depreciation expense for each month separately). (12 points)

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