Problem 2. [05 Marks] Ali & Sons, Inc., purchased a new machine on Sept 1, 2020 at a cost of Rs.180,000. The machine’s estimated useful life at the time of the purchase was five years, and its residual value was Rs.10,000. Required: Prepare a complete depreciation schedule, beginning with calendar year 2020, under each of the methods listed below (assuming half-year convention): 1. 200 percent declining-balance. 2. 150% declining-balance, switching to straight-line when that maximizes the expense
1. For 2020
"\\frac{4}{12}\\times34000\\times2=22667"For 2021
for 2022
for 2023
for 2024
for 2025
2.
for 2020
for 2021
for 2022
for 2023
for 2024
for 2025
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