Question 1: [15 marks] Mira Ltd. Purchased equipment on January 1, 2019, at a total invoice cost of JD 200,000. The equipment has an estimated residual value of JD 5,000 and an estimated useful life of 10 years. The equipment is expected to be used for 50,000 hours during its 10-year hfe. Instructions: Question Answer "write the final result 1- what is the amount of depreciable cost? 2. what is the depreciation expense for 2019 if the declining balance method for depreciation is used? 3. what is the depreciation expense for 2024 if the straight-line method for depreciation is used? 4- what is the book value of the equipment at 31/12/2028, if the declining balance method for depreciation is used? 5. what is the accumulated depreciation of the equipment at 31/12/2028, if the declining balance method for depreciation is used? 6-what is the book value of the equipment at 31/12/2023, if the straight line method for depreciation is used? 7- what is the annual rate of depreciation using straight-line method? 8- assume the equipment usage was 4000 hours for 2019, what is the depreciation expense for 2019 if the units of activity method for depreciation is used? 9. assume the equipment usage was 4000 hours for 2019 and 6000 hours for 2020 what is the accumulated depreciation of the equipment at 31/12/2020 if the units of activity method for depreciation is used? 10- suppose Mira Ltd. Purchased equipment on July 1, 2019, what is the depreciation expense for 2019 if the straight line method for depreciation 15 tused? Question 1: [15 marks] Mira Ltd. Purchased equipment on January 1, 2019, at a total invoice cost of JD 200,000. The equipment has an estimated residual value of JD 5,000 and an estimated useful life of 10 years. The equipment is expected to be used for 50,000 hours during its 10-year hfe. Instructions: Question Answer "write the final result 1- what is the amount of depreciable cost? 2. what is the depreciation expense for 2019 if the declining balance method for depreciation is used? 3. what is the depreciation expense for 2024 if the straight-line method for depreciation is used? 4- what is the book value of the equipment at 31/12/2028, if the declining balance method for depreciation is used? 5. what is the accumulated depreciation of the equipment at 31/12/2028, if the declining balance method for depreciation is used? 6-what is the book value of the equipment at 31/12/2023, if the straight line method for depreciation is used? 7- what is the annual rate of depreciation using straight-line method? 8- assume the equipment usage was 4000 hours for 2019, what is the depreciation expense for 2019 if the units of activity method for depreciation is used? 9. assume the equipment usage was 4000 hours for 2019 and 6000 hours for 2020 what is the accumulated depreciation of the equipment at 31/12/2020 if the units of activity method for depreciation is used? 10- suppose Mira Ltd. Purchased equipment on July 1, 2019, what is the depreciation expense for 2019 if the straight line method for depreciation 15 tused