Question: please get the right answer Exercise 11-4 (Part Level Submission) Culver Corp. purchased machinery for $255,000 on May 1, 2017. It is estimated that it

please get the right answer

please get the right answer Exercise 11-4 (Partplease get the right answer Exercise 11-4 (Part
Exercise 11-4 (Part Level Submission) Culver Corp. purchased machinery for $255,000 on May 1, 2017. It is estimated that it will have a useful life of 10 years, residual value of $15,000, production of 192,000 units, and 20,000 working hours. The machinery will have a physical life of 15 years and a salvage value of $3,000. During 2018, Culver Corp. used the machinery for 2,550 hours and the machinery produced 27,500 units. Culver prepares nancial statements in accordance with IFRS. From the information given, calculate the depreciation charge for 2018 under each of the following methods, assuming Culver has a December 31 year end. V (d) Calculate the depreciation charge for 2018 under declining-balance, using a 20% rate. (Round answer to 0 decimal place, e.g. 5,275.) Depreciation charge for 2018 $

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