Sandhya Shrestha Assignment Questions Question 1: ' chased a w y 2011 Marco and Machine con S000 The was expected the w orld you Da June 2019 X Lil adopted the model to out for ihe chema acher The Paivales of M A M T we n d to be $3200 Thelbred er machen. A to SL The He v ale Machiwa Oly33. Lidt M Martelly y Watch 15 , La decided to che Ma s t March March 36451 S word for Men ble of Malcowap p and the te Mac Macpected thereafy More Edit Sandhya Shrestha Required Per m alines to cand the above was od the depreciation la the end of each o pened up to 30 June 2030 Please show all the sequed cak e theed of 12019 LoL KI. D . Bay, NLBANHNK Enn Wey & Queen Question 2: le h emmed 200 A More Edit ment Question (Protected View) - Word Protected View Enable Editing - B x Assignment Questions Question 1: Ltd. purchased two new machines for cash on 1 January 2018. Machine A cost $4000 and Machine B cost $10000. Each machine was expected to have a useful life of 10 years, and residual values were estimated at $200 for Machine A and $500 for Machine B. On 30 June 2019. X Ltd. adopted the revaluation model to account for the class of machinery. The fair values of Machine A and Machine B were determined to be $3200 and $9000 respectively on that date. The useful life and residual value of Machine A were reassessed to 8 years and $150. The useful life and residual value of Machine B were reassessed to 8 years and $400. On 2 January 2020, extensive repairs were carried out on Machine B for S6600 cash. X Ltd. expected these repairs to extend Machine B's useful life by 3.5 years, and it revised Machine B's estimated residual value to $945. X' Ltd. decided to replace Machine A. It traded in Machine A on 31 March 2020 for new Machine C, which cost S6400. A S2800 trade-in was allowed for Machine A, and the balance of Machine C's cost was paid in cash. Transport and installation costs of S95 were incurred in respect to Machine C. Machine C was expected to have a useful life of 8 years and a residual value of $800. X' Ltd. uses the straight-line depreciation method, recording depreciation to the nearest month and the nearest dollar. The end of its reporting penod is 30 June On 30 June 2020, fair values were determined to be S14000 and $6500 for Machines B and C respectively 8:27 PM Sandhya Shrestha Assignment Questions Question 1: ' chased a w y 2011 Marco and Machine con S000 The was expected the w orld you Da June 2019 X Lil adopted the model to out for ihe chema acher The Paivales of M A M T we n d to be $3200 Thelbred er machen. A to SL The He v ale Machiwa Oly33. Lidt M Martelly y Watch 15 , La decided to che Ma s t March March 36451 S word for Men ble of Malcowap p and the te Mac Macpected thereafy More Edit Sandhya Shrestha Required Per m alines to cand the above was od the depreciation la the end of each o pened up to 30 June 2030 Please show all the sequed cak e theed of 12019 LoL KI. D . Bay, NLBANHNK Enn Wey & Queen Question 2: le h emmed 200 A More Edit ment Question (Protected View) - Word Protected View Enable Editing - B x Assignment Questions Question 1: Ltd. purchased two new machines for cash on 1 January 2018. Machine A cost $4000 and Machine B cost $10000. Each machine was expected to have a useful life of 10 years, and residual values were estimated at $200 for Machine A and $500 for Machine B. On 30 June 2019. X Ltd. adopted the revaluation model to account for the class of machinery. The fair values of Machine A and Machine B were determined to be $3200 and $9000 respectively on that date. The useful life and residual value of Machine A were reassessed to 8 years and $150. The useful life and residual value of Machine B were reassessed to 8 years and $400. On 2 January 2020, extensive repairs were carried out on Machine B for S6600 cash. X Ltd. expected these repairs to extend Machine B's useful life by 3.5 years, and it revised Machine B's estimated residual value to $945. X' Ltd. decided to replace Machine A. It traded in Machine A on 31 March 2020 for new Machine C, which cost S6400. A S2800 trade-in was allowed for Machine A, and the balance of Machine C's cost was paid in cash. Transport and installation costs of S95 were incurred in respect to Machine C. Machine C was expected to have a useful life of 8 years and a residual value of $800. X' Ltd. uses the straight-line depreciation method, recording depreciation to the nearest month and the nearest dollar. The end of its reporting penod is 30 June On 30 June 2020, fair values were determined to be S14000 and $6500 for Machines B and C respectively 8:27 PM