2. Depreciation Limited purchased a truck for long-distance deliveries in Europe on 3 January 2O17. The acquisition
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Question:
2. Depreciation Limited purchased a truck for long-distance deliveries in Europe on 3 January 2O17. The acquisition cost of the truck amounts to l00000. The truck is expected to have a salvage value of 20000 at the end of its eight-year useful life.
Required:
(a) Create adepreciation schedule for the truck using the straight-line method.
(b) Create adepreciation schedule for the truck using the diminishing balance method.
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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