Blue Spruce Corp. purchased machinery for $570,000 on May 1,2023. It is estimated that it...
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Blue Spruce Corp. purchased machinery for $ on May It is estimated that it will have a useful life of years, residual value of $ production of units, and working hours. The machinery will have a physical life of years and a salvage value of $ During Blue Spruce used the machinery for hours and the machinery produced units. Blue Spruce prepares financial statements in accordance with IFRS.From the information given, calculate the depreciation charge for under each of the following methods, assuming Blue Spruce has a December year end. Calculate the depreciation charge for under straight line method. Calculate the depreciation charge for under units of production method. Round depreciation per output unit to decimal places, eg and depreciation charge to decimal places, egDepreciation per output unit$$output unitDepreciation charge for Calculate the depreciation charge for under decliningbalance, using a rate.Depreciation charge for
Blue Spruce Corp. purchased machinery for $ on May It is estimated that it will have a useful life of years, residual value of $ production of units, and working hours. The machinery will have a physical life of years and a salvage value of $ During Blue Spruce used the machinery for hours and the machinery produced units. Blue Spruce prepares financial statements in accordance with IFRS.From the information given, calculate the depreciation charge for under each of the following methods, assuming Blue Spruce has a December year end.
Calculate the depreciation charge for under straight line method.
Calculate the depreciation charge for under units of production method. Round depreciation per output unit to decimal places, eg and depreciation charge to decimal places, egDepreciation per output unit$$output unitDepreciation charge for
Calculate the depreciation charge for under decliningbalance, using a rate.Depreciation charge for
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