A fridge costs R9999.Calculate what it wal be Wort h in 5 yeass time if it de preciates (@) On a teducing balance at 8%pa 0.0g b, on a straig Lt-line basis at 10% p.a

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
A fridge costs R9999.Calaulate what it wal be
Worth in 5 yeass time if it de preciates
Te ducing
Straght-line basis at 10% pa
(R) On
balance at 8%pa 0.08
b, on a
he price of a new Sehal bus is Rs4oo00.
The Value of e decreates at % pa. accordn
to the diministing
Calculate the Value of tHp bus after 8 yeeed.
loalance methiod.
A Cellphonp is currently work Ra0 37,50
It depreciated for 3 years
On a reckecang balonce
at vate
of
25% pa
A tracter bougs for R120 0o depreciated Ao RII090.41
after 12 years by using
Calculate the rate of depreciation por anum
(The rate was fixed ove tehe 12 year)
T.
tee reducong balance methiad.
Transcribed Image Text:A fridge costs R9999.Calaulate what it wal be Worth in 5 yeass time if it de preciates Te ducing Straght-line basis at 10% pa (R) On balance at 8%pa 0.08 b, on a he price of a new Sehal bus is Rs4oo00. The Value of e decreates at % pa. accordn to the diministing Calculate the Value of tHp bus after 8 yeeed. loalance methiod. A Cellphonp is currently work Ra0 37,50 It depreciated for 3 years On a reckecang balonce at vate of 25% pa A tracter bougs for R120 0o depreciated Ao RII090.41 after 12 years by using Calculate the rate of depreciation por anum (The rate was fixed ove tehe 12 year) T. tee reducong balance methiad.
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Domestic transfer pricing
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education