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Question 1 of 2 View Policies Current Attempt in Progress Sandhill Limited purchased equipment on February 1 , 2 0 2 4 , at a
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Sandhill Limited purchased equipment on February at a cost of $ As the CFO of the company, you are considering the merits of using the diminishingbalance or unitsofproduction method of depreciation instead of the straightline method, which is currently being used for other equipment. The new equipment has an estimated residual value of $ and an estimated useful life of either five years or units. Demand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following numbers of units each year: units in ; units in ; units in ; units in ; units in ; and units in Sandhill has a December year end.
a
Prepare separate depreciation schedules for the life of the equipment using: Round depreciation per unit to decimal places, eg
Do it with straight line double dimminishing and units of production method. Do it with all three method
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