Q2/The University of Anbar purchased equipment for the purposes of the construction campaign in the amount of (800) million Iraqi dinars and estimated the period of its use is (8) years. it is created using the fixed ratio method. 1- Depreciation in the third year. 2- Accumulated depreciation at the end of the fifth 3- The book value at the end of the fifth year. 4- The book value at the end of the life of the Novo (the period of use). year. 5- Statement of what the book value means in(4) above compared to the recovered value.

Q2/The University of Anbar purchased equipment for the purposes of the construction campaign in the amount of (800) million Iraqi dinars and estimated the period of its use is (8) years. it is created using the fixed ratio method. 1- Depreciation in the third year. 2- Accumulated depreciation at the end of the fifth 3- The book value at the end of the fifth year. 4- The book value at the end of the life of the Novo (the period of use). year. 5- Statement of what the book value means in(4) above compared to the recovered value.

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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