You bought a lorry for 5,000. Its useful life is estimated at four years. The residual value
Question:
You bought a lorry for £5,000.
Its useful life is estimated at four years.
The residual value is expected to be £1,000 after the four years.
Required
Calculate the depreciation charge for each of the four years using the straight line, reducing balance and the sum of digits methods.
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Depreciation Charge Worked out using the straight line method Worked out using the reducing balance ...View the full answer
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Related Book For 
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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