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Shoe-production equipment is purchased on January 1, 2020. The relevant data is as follows: Equipment Cost $10,000 Estimated residual value...

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Accounting

Shoe-production equipment is purchasedon January 1, 2020. The relevant data is as follows:

EquipmentCost $10,000

Estimatedresidual value -1,560

Accountingperiods 5 years

Shoe-production equipment is purchased on January 1,2020. The relevant data is as follows:

Equipment Cost $10,000

Estimated residual value -1,560

Accounting periods 5 years

Units produced 38,000 shoes

first year units produced are : 7000 CAD

first year units produced are : 5000 CAD

first year units produced are : 7000 CAD

first year units produced are : 6600 CAD

first year units produced are : 3000 CAD

1- Calculate the first year depreciation using thethree methods usable

2- Calculate the accumulated depreciation using thethree methods for the 3rd and 4th year.

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