Question: please show the steps and explaination Exercise 3 a b (Part Level Submission) Ivanhoe Ltd. purchased a new machine on April 4, 2014, at a

Exercise 3 a b (Part Level Submission) Ivanhoe Ltd. purchased a new machine on April 4, 2014, at a cost of $18,000. The company estimated that the mac h o f . The s pected to be used for 10.000 working hours during its four year . Actual machine usage was 1.600 hours in 2014; 2.200 hours 2015, 2.300 hours in 2016, 2100 hours in 2017; and 2,000 hours in 2015. hoe has a December it year e per te decimal place 2.75 m l answers to dec .) (a) Calculate depreciation for the machine under each of the following methodoun (1) Straight line for 2014 through to 2018 2014 expense 2015 expense 2016 2017 expense 2018 expense 2014 expenses 2015 expense 2016 expense 2017 expenses (3) Units-of-production for 2014 through to 2018. 2014 expense 2015 expenses 2016 expense 2017 expense 2018 expense
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
