Q.No.2. (Marks: 10) Cost Residual value Useful life Units inspected On December 31, 2017 Athletic shoe...

 

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Q.No.2. (Marks: 10) Cost Residual value Useful life Units inspected On December 31, 2017 Athletic shoe acquired new inspecting machine. Data is given below $600,000 $65,000 5 Years 95,000 shoes Year 1: 13,000, Year 2: 16,000,Year 3: 23,000 Year 4:18,000, Year 5: 25,000 Required: Compute the annual depreciation expense for each year using the following methods a Declining balance method b. Units of production method (5) (5) Q.No.2. (Marks: 10) Cost Residual value Useful life Units inspected On December 31, 2017 Athletic shoe acquired new inspecting machine. Data is given below $600,000 $65,000 5 Years 95,000 shoes Year 1: 13,000, Year 2: 16,000,Year 3: 23,000 Year 4:18,000, Year 5: 25,000 Required: Compute the annual depreciation expense for each year using the following methods a Declining balance method b. Units of production method (5) (5)

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a Declining balance Method Rate 1yearssalvage valecost 1565000600000 ... View the full answer