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Problem #3 Ratched Limited has a calendar year end and purchased a new computer system for $80,000 on January 1, 2015. It is estimated that
Problem #3 Ratched Limited has a calendar year end and purchased a new computer system for $80,000 on January 1, 2015. It is estimated that the computer will have an $8,000 method of depreciation is used Instructions residual value at the end of its 5-year useful service life.The double diminishing-balance (a) Prepare a depreciation schedule that shows the annual depreciation expense on the computer for the first three years of its useful life. (4 marks) (b) Assume that the computer system was sold for $15,000 on April 1, 2018 Record the disposal its disposal
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