- Ethio Construction Company acquired a new machine for Birr 400,000 at the beginning of year 1. The machine has an estimated residual value of Birr 40,000 and an estimated useful life of five years. The machine is expected to last 10, 000 operating hours. It was used 2,000 hours in year one, 2500 hours in year two and 3,000 hours in year three. Based on the above information, calculate the annual depreciation and book value of the machine at the end of the first year and second year using:
- Straight line method
- Units of production method
- Double declining method
- Sum of the years digits method
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