Solution-How do prepare depreciation schedule for the

How do prepare depreciation schedule for the machine

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Reference no: EM132632609

Samuels garments purchases a machine for $ 100,000 on Jan 1, 2011. The machine is expected to have a salvage value of $ 10,000 at the end of its 5-year useful life.

During its useful life the machine is expected to be used 100,000 hours. Actual annual hourly use was:

2012, 30000;

2013, 25000;

2014, 10000;

2015, 15000;

2016, 20000.

Required:

Problem 1: Prepare depreciation schedule for the machine under Declining balance method, and units of activity method. For Declining Balance method (Use double the rate used for Straight line)

Reference no: EM132632609

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How do prepare depreciation schedule for the machine

Reference no: EM132632609

Reference no: EM132632609

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