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The following table includes specific details related to four different assets owned by Shabra Ltd. as at December 31, 2020 Shabra's fiscal year ends on
The following table includes specific details related to four different assets owned by Shabra Ltd. as at December 31, 2020 Shabra's fiscal year ends on December 31. The land and building were purchased on the same date for an aggregate price of $700,000. The company does not use the units-of production method for depreciation, and assumes that the residual value for each asset is zero Required: Determine the missing values in the below table. Land Building Machine Duly 2, 2017 672.000 $ Truck January 1, 2014 70,000 $ 30,000 28,000 $ $ Indefinite 40 years 10 years Date of purchase Acquisition cost Useful life Depreciation method Accumulated depreciation Carrying amount Straight line s Double-declining balance 134 400 Straight line $ 21,000
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