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Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The
Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Date Purchased Residual Value Description Accumulated Depreciation to Dec. 31, 2023 Life in Years Cost Depreciation Method Depreciation for 2024 Machine A Dec. 2, 2022 $165,000 $16,000 10 $46,200 $ Machine B Aug. 15, 2021 25,000 17,000 23,000 5 8 Straight-line Double-declining-balance Machine C July 21, 2020 76,000
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