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need short and fast answer of this question please thank you 9 Fred's Freighthauling Ltd has a small fleet of delivery trucks. Each one is
need short and fast answer of this question please thank you
9 Fred's Freighthauling Ltd has a small fleet of delivery trucks. Each one is depreciated on the reducing balance method (rate 20 per cent) with no salvage value. Truck 4 was purchased on 1 July 2015 for $16000, and sold three years later, on 30 June 2018. for $15.000. The company's financial year-end is 31 December Requirements (1) What was the total depreciation on truck 4 to the date of its disposal? (2) (2) Bused on your answer to gunstion 1. ite journalty to record the disposal of truck (203 (3) Assuming the company uses straight-line depreciation at 15 per cent per year and an estimated selvage value of $6000. What was the annual depreciation on truck 4 to the date of its disposal (2) (1) Boond on your answer to question 3, write Journal entry to record the disperat of truck 4 (5) culate the different effects of the two depreciation methods on the company 2018 profits more income tax affects (2) 0100) Step by Step Solution
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