Question

View Policies Current Attempt in Progress On September 19, 2017 Swifty Corporation purchased machinery for $480000. Salvage value was estimated to be $25000. The machinery will be deprecated over eight years using the sum of the years digits method. It depreciation is computed on the basis of the nearest full month, Swifty should record depreciation expense for 2018 on this machinery $97051 $88376 $103333 506187

Answer 1

&rchop0, => ০৭{1१|।7 $ ५६०,००० Date af Cost 2500o Solae value 8O gum of the years digits Metho d (1+8) 8 2- Sum ০ or । 36 3 monthm 2017 (u80000- 25oDD Dep 36 2 25,28 2O18 DeprdaHo Rate 3 34 21.53% 45 S000 x 21.52 % Dep cioton 99S

Cost of mechiner Dati of Purehcee= 27 120000 olo14 Method Chraighe ne Ufe 5yn $85.000 Solvage volue Dah ale 05l01118 Gain =326, Soo (12,70,000-85,000) 5 - $ 23,700O Dep. p.a Dep Rem oo1 Hl121311 23000 X4 = 94800o उ कर oslor1=237000 x u 12 :$9000 Total Dep 05/0R (94e000 +79000 - 10,23,00D Balonre o at oslo1E 120,000 = $243.000O 0,206b Saler Valu 243000 26,550 $ 29950०