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Calculate deprecation for the machine for the year

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Reference no: EM132557602

A machine that cost 785,000 with an estimated 50000 residual value was purchased by ICKY CO on Aug 2,2017. Estimated the machine would have useful life of 54 years or 400,000 units. Dec 31 is year end

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Question 1: Calculate deprecation for the machine for the year 2017 under each of the following methods

  • Straight line
  • Units of production assuming that is 2017 the units was 77,000

Reference no: EM132557602

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