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.
