Use the information for Lockard SE given in BE11.2. (a) Compute 2022 depreciation expense using the sum-of-the-years-digits

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Use the information for Lockard SE given in BE11.2. 

(a) Compute 2022 depreciation expense using the sum-of-the-years’-digits method. 

(b) Compute 2022 depreciation expense using the sum-of-the-years’-digits method, assuming the machinery was purchased on April 1, 2022.


BE11.2. 

Lockard SE purchased machinery on January 1, 2022, for €80,000. The machinery is estimated to have a residual value of €8,000 after a useful life of 8 years.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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