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thank you :) Henry Ltd purchased two machines to expand its operations. Information concerning the machines is summarised below. Machine Purchased Cost Residual Useful life
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Henry Ltd purchased two machines to expand its operations. Information concerning the machines is summarised below. Machine Purchased Cost Residual Useful life Depreciation value method 11 1/1/2018 $820,000 $120,000 "Units-of- production 1/1/2018 $160.000 $10,000 5 years Straight-line it is expected that Machine 1 will produce total of 70.000 units. Actual units produced in the first 2 years were: 20.500 in 2018 and 15,000 in 2019, Required: a) Calculate the amount of accumulated depreciation as at 31 December 2019 for machine 1. (2 marks) b) Calculate the amount of accumulated depreciation as at 31 December 2019 for machine 2. (2 marks) 1 i BT MACHINE 1 Annual depreciation expense Year Accumulated depreciation MACHINE 2 us page General Step by Step Solution
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