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XYZ company purchased a new machine on July 1, 2021, at a cost of €50,000. The company estimated that the machine will have a residual value of €10,000. The machine is expected to be used for 10,000 working hours during its 5‐year life. After 6 months, it has been used for 2500 hours and company decides to sell it for 55000. No depreciation has been recorded for the machine.
If the company used double declining balance method instead of units-of-activity, the net book value would have been ...blank... and the ...blank... on disposal would have been ...blank...
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