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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 N205MDU71 Depreciation Method N324TXP86 N193XW95 Declining balance ... Straight Line January 1,2020 Units of Activity *** Purchase date October 1,2020 .. July 1,2020 Cost ($) 260000 140000 60000 20000 5 4 190000 Salvage Value ($). 30000 ... Useful Life (Years) 6 ... ... ... N205MDU71 is expected to be used for 26000 hours. Actual hours used in the year 2020 and 2021 were 5700 hours and 11000 hours respectively. Complete the depreciation schedules of each of the vehicles for 2020 and 2021
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