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with clear steps , thank you! SY Limited purchased a machine on 1 May 2018 at a cost of $125,000. The estimated useful life of
with clear steps , thank you!
SY Limited purchased a machine on 1 May 2018 at a cost of $125,000. The estimated useful life of this machine was 10 years, with a residual value of $5,000 and the estimated operation output was 50,000 hours. Required: (a) Compute the depreciation expense of the machine at the year-end on 31 December for 2018 and 2019 by using the methods below. Copy the following table to present your answer. Show your workings. (i) Straight-line (with depreciation calculated to the nearest whole month), (ii) 200%-declining-balance (with half-year convention), (iii) Unit-of-output (5,000 hours in 2018; 5,500 hours in 2019). Year (i) Straight-line Method (ii) 200% declining- balance Method (11) Units-of-output Method 2018 2019 (24 marks)Step by Step Solution
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