Accountancy, asked by maham757, 7 hours ago

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.

Answers

Answered by sarafathima7867860
0

Answer:

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.

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