A construction company for irrigation project used (5) hydraulic drills in execution of the main channel for an irrigational project by total amount (250 000 S) and after execution of this project that take (3) years, sold to another company by sum (180 000 S). Find the profit or loss value for the machines (drills) owner from this agreement and calculate the depreciation by: The straight line method-1 Declining balance method-2 Sum of the years method-3 The sinking found method-4 If the economic life for the machines is (8) years and salvage value for each machine is (10 000 S) and the interest rate is (8).

A construction company for irrigation project used (5) hydraulic drills in execution of the main channel for an irrigational project by total amount (250 000 S) and after execution of this project that take (3) years, sold to another company by sum (180 000 S). Find the profit or loss value for the machines (drills) owner from this agreement and calculate the depreciation by: The straight line method-1 Declining balance method-2 Sum of the years method-3 The sinking found method-4 If the economic life for the machines is (8) years and salvage value for each machine is (10 000 S) and the interest rate is (8).

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 2RE: Akron Incorporated purchased an asset at the beginning of Year 1 for 375,000. The estimated residual...

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