Question: please help me answer these asap Alberta Manufacturing Co. (AMC) installed a computerized machine in its factory at a cost of $250,000 on July 1,2022





Alberta Manufacturing Co. (AMC) installed a computerized machine in its factory at a cost of $250,000 on July 1,2022 . The machine has an estimated useful life of five years or a total of 155,000 units with a $25,250 residual value. The original plan was to produce approximately the same number of units per year but the actual production was: 202215,600 units; 202341,900;202429,100 units: 2025 - 47,300 units; and 2026 - 21,100 units. AMC's year end is December 31 and adjusting entries are done annually. Optional excel spreadsheet that you can use to prepare your calculations is provided here: Depreciation_ACCT215_PT Studies_Final_F2022.xlsx Your instructor will not be reviewing your work in the Excel template and you are required to transfer your answers into the fields below. Calculate the depreciation expense using the Units of Production method for 2222 and 2023. (2 marks) For 2022: A For 2023: Fill in the spaces below to indicate what the partial Statement of Financial Position (or Balance Sheet) would look like under the Units of Production method at the end of December 31, 2026. (2 marks) Cost: A4 Accumulated depreciation: 4 Assume AMC used the Straight Line method of depreciation, calculate the depreciation expense for 2022. (1 mark) Record the journal entry to record the depreciation for 2023 using Straight-Line depreciation method. (2 marks) Dr. Cr. Adjusting Journal Entries (11 marks)
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