QUESTION 5

Cameron Industries Ltd purchased a new photocopier on 1 July 2010 at a cost of $16,500. The machine has an estimated residual value of $1,500 and an estimated useful life of 5 years or 30,000 copies.

Expected production for each year is 5,000, 4,000, 8,000, 7,000 and 6,000 copies respectively.

The Reducing Balance rate is 35%.

Required:

(a) Complete the following table for the five years of the machines life for each of the depreciation methods indicated.

You are required to round your calculations to the nearest whole dollar.

Year Ended	Straight Line	Units of Use	Reducing Balance
	Depreciation	Depreciation	Depreciation	Book Value
30/6/11
30/6/12
30/6/13
30/6/14
30/6/15
TOTAL

SPACE FOR WORKINGS (IF NEEDED):

(Total marks for Question 5 = 8 marks)