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Nannu PLC has 3 vehicles. The company follows different depreciation methods for each of the vehicle. Information regarding the 3 vehicles is given below: Vehicle
Nannu PLC has 3 vehicles. The company follows different depreciation methods for each of the vehicle. Information regarding the 3 vehicles is given below: Vehicle Model... Depreciation Method ... ... Declining balance... N321TXP82.... Purchase date ... October 1,2020 ... .. Cost ($) ....... 260000... Salvage Value ($). 50000..... Useful Life (Years) 5 N274MDU73 N118XW99 .... Units of Activity ... ... ... Straight Line July 1,2020 ........... January 1,2020 180000 ... 150000 40000 ... ... 6 ... ... . 10000 4 N274MDU73 is expected to be used for 26000 hours. Actual hours used in the year 2020 and 2021 were 5700 hours and 10900 hours respectively. Complete the depreciation schedules of each of the vehicles for 2020 and 2021
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