Activity No. 9 Jaber is the owner of Toyota Qatar Corporation. He pays a QR 75,000 for each Toyota Camry 2013 from Japan. Freight costs of QR 10,850 and import duties of QR 6,910 are also paid. He pays the manufacturer an additional QR 9,500 to have their engineer install the car inside the Toyota showroom. He pays R 2,750 per annum for electricity costs, QR 7200 for license administrative fees, QR 15,430 for salespersons salaries and it will have a salvage value of $6,000. Find the accumulated depreciation for the asset. Original Cost Freight Import Duties Item Installation costs (Engineer) installation costs (Construction) alvage value QAR Value Accumulated depreciation 008 E HAO oldstoniwollot prit stelgmo) ( 2109y to of

Activity No. 9 Jaber is the owner of Toyota Qatar Corporation. He pays a QR 75,000 for each Toyota Camry 2013 from Japan. Freight costs of QR 10,850 and import duties of QR 6,910 are also paid. He pays the manufacturer an additional QR 9,500 to have their engineer install the car inside the Toyota showroom. He pays R 2,750 per annum for electricity costs, QR 7200 for license administrative fees, QR 15,430 for salespersons salaries and it will have a salvage value of $6,000. Find the accumulated depreciation for the asset. Original Cost Freight Import Duties Item Installation costs (Engineer) installation costs (Construction) alvage value QAR Value Accumulated depreciation 008 E HAO oldstoniwollot prit stelgmo) ( 2109y to of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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