Homework Answers
Calculate annual depreciation :
Machine 1 = (752700-42520/20) = 35509
Machine 2 = (126490-5110/5) = 24276
Calculate accumlated depreciation and carrying amount of each asset on december 31,2017
| Machin 1 | Machine 2 | |
| Accumlated depreciation | 35509*10 = 355090 | 24276*2=48552 |
| Carrying amount | (752700-355090) = 397610 | (126490-48552) = 77938 |
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