13000 1500 Question 3 A company has a vehicle that cost It has a useful life of 7 years and a residual value of The company uses STRAIGHT LINE depreciation the assets was sold at the end of year 6 make the appropriate entry to record the disposal of the asset. for 3500 (dec 31st 2020) Date Description Dr Cr Part B) Fill in the chart and record the disposal of the asset if the company uses DECLINING BALANCE Depreciation Year opening balance Deprectiaion expense Acc. To date NBV 1 2 3 4 5 6 7 Dr Cr Date Description 31-Dec