Prepare separate depreciation schedules for the life of the equipment using: (Round depreciation per unit...
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Prepare separate depreciation schedules for the life of the equipment using: Round depreciation per unit to decimal places, eg and final answers to decimal places, eg Straightline method: Doublediminishingbalance method: Unitsofproduction method: Cullumber Limited purchased equipment on February at a cost of $ As the CFO of the company, you are considering the merits of using the diminishingbalance or unitsofproduction method of depreciation instead of the straightline method, which is currently being used for other equipment. The new equipment has an estimated residual value of $ and an estimated useful life of either five years or units. Demand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following numbers of units each year: units in ; units in ; units in ; units in ; units in ; and units in Cullumber has a December year end. Prepare separate depreciation schedules for the life of the equipment using the straightline method, doublediminishingbalance method, and the unitsofproduction method
Prepare separate depreciation schedules for the life of the equipment using: Round depreciation per unit to decimal places, eg
and final answers to decimal places, eg
Straightline method: Doublediminishingbalance method: Unitsofproduction method: Cullumber Limited purchased equipment on February at a cost of $ As the CFO of the company, you are considering
the merits of using the diminishingbalance or unitsofproduction method of depreciation instead of the straightline method, which
is currently being used for other equipment. The new equipment has an estimated residual value of $ and an estimated useful
life of either five years or units. Demand for the products produced by the equipment is sporadic so the equipment will be used
more in some years than in others. Assume the equipment produces the following numbers of units each year: units in ;
units in ; units in ; units in ; units in ; and units in Cullumber has a
December year end. Prepare separate depreciation schedules for the life of the equipment using the straightline method, doublediminishingbalance method, and the unitsofproduction method
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