A heincome More Info Requirements On January 4. 2018. Baley Enterprises. Inc. paid S205.600 for equipment used in manulacturing automotive supplies in addion to the basic purchase price. the company paid S1.000 for transpotation charges. S100 for insurance for the 1. For each depreciation method prepare a depreciation schedule shoving asset cost, depreciation epense accumlated depreciaton, and asset book value for each year of the assets e For the units of production method round depreciation per unit to three decimal places 2. Baley Enterprises ne prepares nancalatements using he depreciation method that reports the highest Income in the early years of asset use For income tax purposes he company uses the depreciation method whannual production decreasing by 10.000 units during each of the net four years e. 50.000 unts in year 240 000 units in year 3 and se on fora total of 200.000 units) inying to decide which depreciation method to use Baley Enterpises inc, reguested a depreciation schedule for each of the tree depreciation methods (traight ine, unts of producdtion, and double decining 1. Show how Baley Enterpisen, Inc, would repot eguipment on the December 31, 2010, balance sheet for each depreciation method balance) Print Done Print Done Enter deprediation per unit to thvee decimal places)

Hansaben

Subject:- Account

Accounting for Various Intangible Costs: Amortization, Change in Accounting Estimate Munn Inc. reported other noncurrent asset account balances on December 31, 2020, as follows. Patent $672,000 Accumulated amortization (84.000) Net patent $588,000 Transactions during 2021 and other information relating to Munn’s other noncurrent assets include the following. 1. The patent was purchased from Grey Company on January 2, 2019, when the remaining legal life was 16 years. On January 1, 2021, Munn determined that the remaining useful life of the patent was only eight years from the date of its acquisition. 2. On January 1, 2021, in connection with the purchase of a trademark from Cody Corp., the parties entered into a noncompetition agreement. Munn paid Cody $2,800,000, of which 75% related to the trademark and 25% reflected Cody’s agreement not to compete for a period of five years in the line of business covered by the trademark. Munn considers the life of the trademark to be…

Question 13?

Prepare only the Property, plant and equipment reconciliation note of Still Waters Ltd for the financial year ended 31 December 2020

Godo

answer in text form please (without image)

A company purchased factory equipment on April 1, 2017 for $240,000. It is estimated that the equipment will have a $30,000 residual value at the end of its 10-year useful ife. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017 is O a $24,000. ton Ob.521,000. OC $15,750, O6. $18,000.

Provide for depreciation as follows : On motor vehicles :15% per annum on reducing balance method. On equipment :10% on cost. Note new piece of equipment was purchased on 1 September 2019 costing 54 000.