1. A company bought a machine for BD300,000 which has a useful life of 7 years and can be sold for BD30,000 at the end of its useful life. Determine the a. Depreciation schedules, dn b. Accumulated depreciation, Dn c. Book value, Cn using straight line method and double declining balance method. Generate the plots using Microsoft excel. 2. Repeat problem #1 if there is an installation cost of BD20,000. 3. Repeat problem #1 if there is a dismantling cost of BD5,000.

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter9: Depreciation (deprec)
Section: Chapter Questions
Problem 4R: To test your formulas, assume the machine purchased had an estimated useful life of three years...
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1. A company bought a machine for BD300,000 which has a useful life of 7 years and can be sold for BD30,000 at the end of its
useful life. Determine the
a. Depreciation schedules, dn
b. Accumulated depreciation, Dn
c. Book value, Cn
using straight line method and double declining balance method. Generate the plots using Microsoft excel.
2. Repeat problem #1 if there is an installation cost of BD20,000.
3. Repeat problem #1 if there is a dismantling cost of BD5,000.
Transcribed Image Text:1. A company bought a machine for BD300,000 which has a useful life of 7 years and can be sold for BD30,000 at the end of its useful life. Determine the a. Depreciation schedules, dn b. Accumulated depreciation, Dn c. Book value, Cn using straight line method and double declining balance method. Generate the plots using Microsoft excel. 2. Repeat problem #1 if there is an installation cost of BD20,000. 3. Repeat problem #1 if there is a dismantling cost of BD5,000.
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