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.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 6MC: At the end of the expected useful life of a depreciable asset with an estimated 15% residual value,...

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