Question
Kyle purchased a car for $12,300 on March 2, 2019. He uses the car 35% for business use and 65% for personal use. The car
Kyle purchased a car for $12,300 on March 2, 2019. He uses the car 35% for business use and 65% for personal use. The car is kept at his home, and he has written records. Which method may Kyle use for depreciation?
The straight-line method over a GDS recovery period
The straight-line method over an ADS recovery period.
The 200% declining balance method over a GDS recovery period.
The 200% declining balance method over an ADS recovery period.
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International Financial Reporting Standards ImplementationA Global Experience
Authors: Mohammad Nurunnabi
1st Edition
1801174415, 9781801174411
