Question
Jill purchased a desktop PC valued at $2,190 for her employees on the 9 th of June 2020 . Assume each year has 365 days.
Jillpurchased a desktop PC valued at $2,190 for her employees on the 9thof June2020.
Assume each year has 365 days.
Answer the following two questions for Jill.Enter your answers as a number with no decimal places, i.e. to the nearest whole dollar. Do not use a dollar sign. Example: 5999
In the 3rd question below, show all workings. You can complete depreciation tables if you wish to.
- Using the prime cost method, calculate the book value of the PC at the end of the2021-22financial year, if the working life of a desktop PC is 3 years.
- Using the diminishing value method, calculate the book value of the PC at the end of the2021-22financial year, if the working life of a desktop PC is 3 years.
- Show all workings for Jill.
If you wish to, you can complete simple depreciation tables using the templates.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
