
Introduction:
Unit of production method is a method to be used for computing depreciation using Formula under which cost of asset reduced by salvage value is divided by total units of production in whole useful life and further multiplied by actual production in respective year i.e. 1st year, 2nd year.
Double declining balance method is a method to be used for computing depreciation using Formula under which cost of asset is depreciated at double rate of depreciation under straight line method
Requirement 1(i)
To Calculate:
Calculation of second year depreciation on airplane used by air asia under straight line method
Requirement 1(ii)
To Calculate:
Calculation of second year depreciation on airplane used by Air asia under
Requirement 1(iii)
To Calculate:
Calculation of second year depreciation on airplane used by Air asia under Double declining balance method
Requirement 2
To Calculate:
Calculation of accumulated depreciation at the end of 2nd year under all three methods mentioned in Requirement 1

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Chapter 10 Solutions
ACCOUNTING PRINCIPLES 122 5/16 >C<
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