Please see files attached.
Blossom Ltd. purchased a new machine on April 4, 2014, at a cost of $196,000. The company estimated that the machine would have a residual value of $18,000. The machine is expected to be used for 10,000 working hours during its four-year life. Actual machine usage was 1,800 hours in 2014; 2,000 hours in 2015; 2,200 hours in 2016; 2,100 hours in 2017; and 1,900 hours in 2018. Blossom has a December 31 year end.
Calculate: Straight Line Method 2014 – 2018
Diminishing-balance using double the straight-line rate for 2014 through to 2018
Units-of-production for 2014 through to 2018
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