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Produce depreciation schedule using the diminishing balance

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The crazy daisy short stay centre purchased a new surgical laser on 1 January 2017 at a cost of $250,800 GST inclusive. the estimated residual value is $28,000. the laser has a useful life of 10 years and the centre expects to use it 20,000 hours. it was used 1,400 hour in year 1; 2,200 hours in year 2; 2,100 hours in year 3; 500 hours in year 4; 2,000 hours in year 5; 1,800 hours in year 6; the end of financial year is 30 June.

Problem (A) straight line method for 2017 and 2018.

Problem (B) produce a depreciation schedule using the diminishing balance method assuming the diminishing value rate is double the straight line rate for 2017, 2018 and 2019.

Problem (C) units of production based on service hours for 2017 and 2018

Reference no: EM132911062

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