Question: #2 - [8 marks] 8.0 points possible (graded, results hidden) Papon PLC has 3 machines. The company follows different depreciation methods for each of the

#2 - [8 marks] 8.0 points possible (graded, results hidden) Papon PLC has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: Machine Model..... Depreciation Method....... Units of Activity N241MDU79 ... N135XW94... Straight Line January 1,2020 150000.... 10000 ... 4 N385TXP82 Declining balance method ... October 1,2020 240000 50000 5 Purchase date.... July 1,2020 Cost ($) ...... 200000... Salvage Value ($) 40000... Useful Life (Years) 6 ... N241MDU79 is expected to be used for 25000 hours. Actual hours used in the year 2020 and 2021 were 5700 hours and 10900 hours respectively. Complete the depreciation schedules of each of the machines for 2020 and 2021. OK

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