Q4 A company acquired a car at 1 Jan. 2009 for 6000000$ , the estimated useful life is 100000 km and salvage value is 10 % from cost . Required : compute the amount of depreciation for the first three years if it went 20%, 17%. 15% from the estimated useful life

Q4 A company acquired a car at 1 Jan. 2009 for 6000000$ , the estimated useful life is 100000 km and salvage value is 10 % from cost . Required : compute the amount of depreciation for the first three years if it went 20%, 17%. 15% from the estimated useful life

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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Question

Q4 A company acquired
a car at 1 Jan. 2009 for
6000000$ , the estimated
useful life is 100000 km
and salvage value is 10 %
from cost .
Required : compute the
amount of depreciation
for the first three years if it
went 20%, 17%. 15% from
the estimated useful life
respectively by using units
of activity method.
o 10:31

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