Question
A vehicle with cost of 500.000 TL is purchased on January 1 2016 . Its useful life is 1.000.000 km and estimated residual value is
A vehicle with cost of 500.000 TL is purchased on January 1 2016 . Its useful life is 1.000.000 km and estimated residual value is 20.000 TL.
Required:
According to Units of Production Method;
a-) Calculate the accumulated depreciation and net book value of this vehicle after 400.000 km.
b-)Journalize the depreciation expense after this vehicle is used for 200.000km.
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
