Question
Sweet AcaciaIndustries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company
Sweet AcaciaIndustries 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 0 decimal places, e.g. 5,275.)
Description
Date
PurchasedCost
Residual
ValueLife in
YearsDepreciation
MethodAccumulated
Depreciation to
Dec. 31, 2023Depreciation
for 2024Machine A
Dec. 2, 2022$160,000$13,000
10select a method
Sum-of-the-years'-digits
Working hours
Double-declining-balance
Straight-line
$44,800
$
enter a dollar amount
Machine BAug. 15, 2021enter a dollar amount
20,0005Straight-line
25,500
enter a dollar amount
Machine CJuly 21, 202072,80023,5008Double-declining-balance
enter a dollar amount
enter a dollar amount
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