Fahad Express LLC is planning to buy a vehicle for its courier business. The cost of the Vehicle is RO 16000 and the useful life is 5 years. The vehicle was depreciated using Sum of Years digit method. The balance shown in the accumulated depreciation account at the end of third year is a. RO 14667 b. RO 17333 c. RO 10667 d. RO 53333
Fahad Express LLC is planning to buy a vehicle for its courier business. The cost of the Vehicle is RO 16000 and the useful life is 5 years. The vehicle was depreciated using Sum of Years digit method. The balance shown in the accumulated depreciation account at the end of third year is a. RO 14667 b. RO 17333 c. RO 10667 d. RO 53333
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Fahad Express LLC is planning to buy a vehicle for its courier business. The cost of the Vehicle is RO 16000 and the useful life is 5 years. The vehicle was depreciated using Sum of Years digit method. The balance shown in the accumulated depreciation account at the end of third year is
a.
RO 14667
b.
RO 17333
c.
RO 10667
d.
RO 53333
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