Q1/The cost of a vehicle at the time of purchasing is (80,000)$, its expected useful life is (10) years, the selvage value is (10,000) $, determine the following -the depreciation value at the end of ( 9th )year using decline balance method. -the book value at the end of (6th) year using straight line method. -total depreciation for (7) years using sum of years digits method. -the book value at the end of (4th ) year using sum of year digits method. -If the vehicle sold after (5) years with 40,000 $, was it sold with profit? Use decline balance method. -depreciation at the end of (5th) year using straight line method.
Q1/The cost of a vehicle at the time of purchasing is (80,000)$, its expected useful life is (10) years, the selvage value is (10,000) $, determine the following -the depreciation value at the end of ( 9th )year using decline balance method. -the book value at the end of (6th) year using straight line method. -total depreciation for (7) years using sum of years digits method. -the book value at the end of (4th ) year using sum of year digits method. -If the vehicle sold after (5) years with 40,000 $, was it sold with profit? Use decline balance method. -depreciation at the end of (5th) year using straight line method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Q1/The cost of a vehicle at the time of purchasing is
(80,000)$, its expected useful life is (10) years , the
selvage value is (10,000) $, determine the following
-the depreciation value at the end of ( 9th )year using decline
balance method.
-the book value at the end of (6th) year using straight line
method.
-total depreciation for (7) years using sum of years digits
method.
-the book value at the end of (4th ) year using sum of year
digits method.
-If the vehicle sold after (5) years with 40,000 $, was it sold
with profit? Use decline balance method.
-depreciation at the end of (5th) year using straight line
method.
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