Tops Ltd purchased a new machine on 1 October 2015 at a cost of $228,000. The entity
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Question:
Tops Ltd purchased a new machine on 1 October 2015 at a cost of $228,000. The entity estimated that the machine has a residual value of $28,000. The machine is expected to be used 40,000 working hours during. Its 10-year life. Assume a 31 December year-end.
Required:
Calculate the depredation expense using the following method in the year Indicated:
The straight-line method tor 2015 and 2016.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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