Q.3 An equipment has been purchased for a project to be completed in 6 years. The...
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Q.3 An equipment has been purchased for a project to be completed in 6 years. The initial cost of equipment was Rs. 7,500,000. It is estimated that the used equipment can be sold in auction at a price of Rs. 1,200,000 after completion of the project. The expected/planned yearly usage of the equipment is as follows: (6) Equipment Usage (Hours) 140 Year 2 170 3 230 4 80 5 110 6 70 Develop the yearly depreciation schedule of the equipment according to: a) Sum-of-Years-Digit Method b) Units-of-production Method c) Double Declining Balance Method Q.3 An equipment has been purchased for a project to be completed in 6 years. The initial cost of equipment was Rs. 7,500,000. It is estimated that the used equipment can be sold in auction at a price of Rs. 1,200,000 after completion of the project. The expected/planned yearly usage of the equipment is as follows: (6) Equipment Usage (Hours) 140 Year 2 170 3 230 4 80 5 110 6 70 Develop the yearly depreciation schedule of the equipment according to: a) Sum-of-Years-Digit Method b) Units-of-production Method c) Double Declining Balance Method
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Related Book For
Statistics for Business and Economics
ISBN: 978-0132930192
8th edition
Authors: Paul Newbold, William Carlson, Betty Thorne
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