In Early March 2020 Cbr Ltd Is Considering The Acquiring Machinery For 1 630 000

430000

In calculating the profit before depreciation, all expenses have been deducted, including the repairs and maintenance expense. 

Required

As the accountant for CBR Ltd, prepare separate depreciation schedules for the machinery for the 5-year period, using the following depreciation methods:

              i.        straight-line

            ii.        diminishing balance

           iii.        sum-of-years’-digits

           iv.        units-of-production.

Use the following headings for each schedule: ‘Year ending 30 June’, ‘Annual depreciation expense’, ‘Accumulated depreciation’, ‘Carrying amount at end of year’.

 

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