Q/3 The Municipality Directorate has purchased vehicles in the amount of (120) million Iraqi dinars and estimated the period of their use is (10) years. If the recoverable value is (60) million dinars. Find and use the constant ratio method. 1. Depreciation in the sixth year. 2. Accumulated depreciation at the end of the sixth year. 3. Book value at the end of the sixth year. 4. Book value at the end of useful life (period of use).

Q/3 The Municipality Directorate has purchased vehicles in the amount of (120) million Iraqi dinars and estimated the period of their use is (10) years. If the recoverable value is (60) million dinars. Find and use the constant ratio method. 1. Depreciation in the sixth year. 2. Accumulated depreciation at the end of the sixth year. 3. Book value at the end of the sixth year. 4. Book value at the end of useful life (period of use).

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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