Transcribed Image Text: Nazmul Enterprise has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3 machines is given below: Machine Model ..

Transcribed Image Text: Nazmul Enterprise has 3 machines. The company follows different depreciation methods for each of the machine. Information regarding the 3
machines is given below:
Machine Model .. . .. .. N190XW93
Depreciation Method … Straight Line… … ..
N205MDU77
… … .. .. . N370TXP80
Units of Activity
July 1,2020
… 140000… … … … .. … … 180000
Declining balance method
Purchase date
January 1,2020 … … … .
… … .. .. … .. October 1.2020
Cost ($)
Salvage Value ($)
Useful Life (Years)
… … 250000
60000
20000
40000
.5
. . . O . .. .
N205MDU77 is expected to be used for 25000 hours. Actual hours used in the year 2020 and 2021 were 5600 hours and 10700 hours respectively.
Complete the depreciation schedules of each of the machines for 2020 and 2021.

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