Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DATA No.6: DEPRECIATION Pepsi Co. purchased a Truck for bottle delivery was purchased on May 1, 2010 costing Rs.900,000 estimated life is 5 years Salvage

image text in transcribed
DATA No.6: DEPRECIATION Pepsi Co. purchased a Truck for bottle delivery was purchased on May 1, 2010 costing Rs.900,000 estimated life is 5 years Salvage value was estimated Rs.10,000. Other cost incurred was Installation charges amounted to Rs.30,000 Sales Tax 20% Test Run costed Rs.20,000 Fire insurance for 2 years is Rs.15,000 Transportation charges Rs10,000 Custom Duty Rs.20,000 Company's accounting year ends on December 31 each year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Human Resource Planning Audit

Authors: Peter Reilly

1st Edition

1907766111, 978-1907766114

More Books

Students also viewed these Accounting questions