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,000)$, its e: vage value is

,000)$, its e: vage value is

FINANCIAL ACCOUNTING
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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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 $, was it sold with profit? Use decline balance method. -depreciation at the end of (5th) year using straight line method.
Transcribed Image Text:Q1/The cost of a vehicle at the time of purchasing is (80,000)$, 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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