Question

Banany company purchased equipment for Tk.2,12,000 on October-1, 2008. It is estimated that the equipment will have a useful life of 8 years and a salvage value of Tk.12,000. Estimated production is 40,000 units and estimated working hours 20,000. During 2008, Banany uses the equipment for 525 hours and the equipment produces 1,000 units.
Required:
Compute depreciation expense under each of the following methods. Banany is on a calendar- year basis ending December-31.
(a)   Straight-line method for 2008.
(b)   Activity method (units of output) for 2008.
(c)    Activity method (working hours) for 2008.
(d)   Sum-of-the-years-digits, methods for 2010.
(e)    Double declining balance method for 2009​

Answer 1

Answer:

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