Question: At December 3 1 , 2 0 2 2 Northstar Corp. ' s balance sheet showed plant and equipment information as detailed in the schedule
At December Northstar Corp.s balance sheet showed plant and equipment information as detailed in the schedule below. Northstar Co calculates depreciation to the nearest whole month.
Please complete the schedule. Round depreciation per unit of production to the nearest cent.
tableCost Information,DepreciationDescriptionPurchase Date,Depreciation Method,Cost,Residual,Life,tableAccum Dep.DectableDep Expensefor tableAccum Dep.DecEquipmentJuly Straightline, years,,,MachineryMay tableDoubledecliningbalance years,,,TrucksSeptember Units of production,
There have been no disposals or subsequent capital expenditures on the asset since the date of purchase. The kilometres the truck was actually driven were as follows:
:
:
:
For simplicity, assume that the asset is depreciated as an individual item and will not be broken down into parts and depreciated.
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