1. Ali bought a coffee machine for his coffee shop on 1 April 2018 for $4000....
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1. Ali bought a coffee machine for his coffee shop on 1 April 2018 for $4000. After the first year it is valued at $2450. Calculate the depreciation for the year ending 31 March 2020 using the diminishing balance method if the asset has a depreciation rate of 15%. (2) Answer: 3.1.2 Calculate the book value of the asset for the year ending 31 March 2020. (1) Answer: 3.1.3 Ali wants to sell his coffee machine in order to buy a newer version. He contacted you to help him calculate the current book value of the asset using the diminishing balance method ending on 31 January 2021. (2) Answer: 3.1.4 Ali saw that his asset only has a useful lifetime of 6 years and have asked you to calculate the salvage value of the asset at the end of its lifetime. (2) Answer: 1. Ali bought a coffee machine for his coffee shop on 1 April 2018 for $4000. After the first year it is valued at $2450. Calculate the depreciation for the year ending 31 March 2020 using the diminishing balance method if the asset has a depreciation rate of 15%. (2) Answer: 3.1.2 Calculate the book value of the asset for the year ending 31 March 2020. (1) Answer: 3.1.3 Ali wants to sell his coffee machine in order to buy a newer version. He contacted you to help him calculate the current book value of the asset using the diminishing balance method ending on 31 January 2021. (2) Answer: 3.1.4 Ali saw that his asset only has a useful lifetime of 6 years and have asked you to calculate the salvage value of the asset at the end of its lifetime. (2) Answer:
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Depreciation refers to the allocation of original cost of the asset over its useful life It is simpl... View the full answer
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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