Question
A company purchased a new car for $ 150,000, for one of its sales agents if the car's profit is 4 years and the annual
A company purchased a new car for $ 150,000, for one of its sales agents if the car's profit is 4 years and the annual depreciation is $ 25,000, find the book's value of the car after depreciating the 4 years. _______________________________
Once the value in the books is determined, assume that the car of the previous problem will be available once its useful life has ended and that the date of disposal was December 31, 2019 and that the possible sale prices were:
to. 55,000
b. 45,000
c. 50,000
Make the corresponding wage entries for the disposition of the car for each of the prices
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