Question
On January 1, 2020, Done Inc. purchased a Truck for $88,000. The estimated life of the truck was 4 years, with an estimated residual value
On January 1, 2020, Done Inc. purchased a Truck for $88,000. The estimated life of the truck was 4 years, with an estimated residual value of $8,000. Compute the Depreciation expense, Accumulated depreciation, and Book value on this equipment for the years ending on December 31,2020 and 2021. Using the following methods:
| Straight-line Method | Computations | Depreciation Expense | Accumulated Depreciation | Book Value |
| 2020 |
|
|
|
|
| 2021 |
|
|
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|
| 200% Declining Balance | Computations:
| Depreciation Expense | Accumulated Depreciation | Book Value |
| 2020 |
|
|
|
|
| 2021 |
|
|
|
|
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Game Theory Basics
Authors: Bernhard Von Stengel
1st Edition
1108910114, 9781108910118
