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Calculate the book value of the machine on december

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Problem 1: laser Renew Inc. purchases a new machine for $96000 on January 1,2017. Its predicted the full life is 5 years or 100000 units with a residual of $8000. In 2017, 10000 units were produced. calculate the book value of the machine on December 31st,2017 assuming All 3 methods.

Problem 2: Assume the machine was purchased on march 31st,2017, compute the partial depreciation using half-year convention and nearest month.

Reference no: EM132914087

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