FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 On June 2019, a company purchased an equipment for 205,000 S, which is expected to have 14 useful life years and the scrap

image text in transcribed
Question 6 On June 2019, a company purchased an equipment for 205,000 S, which is expected to have 14 useful life years and the scrap value is 34000S. Calculate the deprecation expenses in the end of 2020, 2021, 2022, and 2023 using 1. Declining balance method. 2- Double declining balance method. 3. Sum of years' digits. (14 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Regulation Of The London Stock Exchange Share Trading, Fraud And Reform 1914-1945

Regulation Of The London Stock Exchange Share Trading, Fraud And Reform 1914-1945

Authors: Chris Swinson

1st Edition

0367887568, 9780367887568

More Books

Students also viewed these Accounting questions

Question

★★★★★
We will find later (with separation of variables) that the solution for Newton's law of cooling with initial condition H(0) is H(t) = A + [H(0) - A]e-t. For each set of given parameter values, a....

Answered: 1 week ago

Question

★★★★★
Sketch the following sets of points (r, ). 1 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
Explain why self-acceptance is important for high self-esteem.

Answered: 1 week ago

Question

★★★★★
Comparing Investment Criteria Consider the following two mutually exclusive projects: Whichever project you choose, if any, you require a 15 percent return on your investment. a. If you apply the...

Answered: 1 week ago

Question

★★★★★
The Johmions' Crest Quentions a. Make recommendations to iarry and Definda regarding where to seek financing and what Ash to expect. The input in the bex below ma not be graded, but may be revened...

Answered: 1 week ago

Question

★★★★★
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $2,200 and the variable cost per cup of coffee served is $0.45....

Answered: 1 week ago

Question

★★★★★
The length of the winning word in the National Spelling Bee is approximately normally distributed with a mean of 9 and standard deviation of 2. (a) Where on the standard normal curve would a word...

Answered: 1 week ago

Question

★★★★★
Which musical has a participatory Be - In as its finale? Select one: Spring Awakening American Idiot Hair Hedwig and the Angry Inch

Answered: 1 week ago

Question

★★★★★
employees at the plants are also shown. These data are as follows: MEdiCEll $7,400 $14,400 $12,300 $6,200 $3,100 Employees 123 402 256 109 67 a. Compute the weighted mean medical payments for these...

Answered: 1 week ago

Question

★★★★★
The bar shown in Fig. 11.12(a) is attached at its ends to unyielding supports. There is no initial stress in the bar. A force P is then applied as shown. (a) What are the forces in the steel and...

Answered: 1 week ago

Question

★★★★★
A supplier to an OEM company is going to use Scrum to develop a system. The Manufacturing company has laid out 245 functional requirements and 19 external interface requirements. The supplier has...

Answered: 1 week ago

Question

★★★★★
3.85 The Watts New Lightbulb Corporation ships large consignments of lightbulbs to big industrial users. When the production process is functioning correctly, which is 90% of the time, 10% of all...

Answered: 1 week ago

Question

★★★★★
3.88 Suppose that you have an intelligent friend who has not studied probability. How would you explain to your friend the distinction between mutually exclusive events and independent events?...

Answered: 1 week ago

Question

★★★★★
3.84 A stock market analyst examined the prospects of the shares of a large number of corporations. When the performance of these stocks was investigated one year later, it turned out that 25%...

Answered: 1 week ago

Previous Question Next Question