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The Fifth Company: You are entrusted with preparing accounting treatments for recording the original and amortization restrictions: On January 1, 2015, Manama Company purchased a
The Fifth Company: You are entrusted with preparing accounting treatments for recording the original and amortization restrictions: On January 1, 2015, Manama Company purchased a machine for use in production, and the following data were available: Useful life Machine price according to the catalog Commercial discount Machine transportation and charges Customs fees Engineers operating costs 4 years 100,000 10% 4,000 BD 2,000 BD 4,000 BD You are assigned the following: 1- Determine the cost of purchasing the machine in the company's books on January 1, 2015, knowing that the company paid the machine purchase in cash 2- Estimate the value of depreciation for the machine in 2015, 2016, 2017 and 2018, knowing that the company uses the double-declining premium method for machine depreciation 3- Estimate the cost of the machine after its useful life (as scrap)
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