Assume you are the owner of your own HC clinic You purchased a fleet of vans for $52,750 You expect to use it for 5 5 years and sell it at $3,500 (salvage value) 1) What value would appear on BOTH the balance sheet and income statement at the end of 4 years, and under what names 2) What amount would appear on BOTH the balance sheet and income statement at the end of 1 year, and under what names 1) What value would appear on BOTH the balance sheet and income statement at the end of 4 years, and under what names Amount Name Balance Sheet Income Sheet 2) What amount would appear on BOTH the balance sheet and income statement at the end of 1 year, and under what names Balance Sheet Income Statement YOU MUST SHOW HOW YOU DERIVED YOUR ANSWER (DO NOT JUST PUT IN A NUMBER)

Question

Assume you are the owner of your own HC clinic  You purchased a fleet of vans for $52,750  You expect to use it for 5 5 years and sell it at $3,500 (salvage value)  1) What value would appear on BOTH the balance sheet and income statement at the end of 4 years, and under what names  2) What amount would appear on BOTH the balance sheet and income statement at the end of 1 year, and under what names  1) What value would appear on BOTH the balance sheet and income statement at the end of 4 years, and under what names  Amount Name Balance Sheet Income Sheet 2) What amount would appear on BOTH the balance sheet and income statement at the end of 1 year, and under what names  Balance Sheet Income Statement YOU MUST SHOW HOW YOU DERIVED YOUR ANSWER (DO NOT JUST PUT IN A NUMBER)

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Assume you are the owner of your own HC clinic. You purchased a fleet of vans for $52,750.
You expect to use it for 5.5 years and sell it at $3,500 (salvage value).
1) What value would appear on BOTH the balance sheet and income statement at the end of 4 years, and under what names?
2) What amount would appear on BOTH the balance sheet and income statement at the end of 1 year, and under what names?


1) What value would appear on BOTH the balance sheet and income statement at the end of 4 years, and under what names?

	Amount	Name
Balance Sheet

Income Sheet

2) What amount would appear on BOTH the balance sheet and income statement at the end of 1 year, and under what names?

Balance Sheet

Income Statement


YOU MUST SHOW HOW YOU DERIVED YOUR ANSWER (DO NOT JUST PUT IN A NUMBER)

Question

Assume you are the owner of your own HC clinic. You purchased a fleet of vans for $52,750. You expect to use it for 5.5

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