Question: Current Attempt in Progress Crane Ltd purchased a new machine on April 4, 2017. a cost of $172,000. The company estimated that the machine would
Current Attempt in Progress Crane Ltd purchased a new machine on April 4, 2017. a cost of $172,000. The company estimated that the machine would have residual value of $14.000. The machine is expected to be used for 10,000 working hours during its four year life. Actual machines was 1.600 hours in 2017. 2.000 hours in 2018: 2.200 hours in 2019 2.300 hours in 2020, and 1.900 hours in 2021, Craneasa December 31 year end Catculate depreciation for the machine under each of the following methods: Round expense per unit to 2 decimal places, es 2.99 and final awwers to decimal places 5.275) (1) Straight-line for 2017 through to 2021 2017 experts 5 2018 expense 5 2019 expense 5 2020 per 5 2021 expre 5 (2) Diminishing-balancing double the state for 2017 through to 2021
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