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only need 12 and 13 answered Use the following to answer questions 515 TTransport purchased a new semi-traler truck for an acquisition cost of $200,000.
only need 12 and 13 answered
Use the following to answer questions 515 TTransport purchased a new semi-traler truck for an acquisition cost of $200,000. The company estimates the trud will have a residual value of $30,000 when they are done using it at the end of 5 years or 680000 miles Answer the following using the straight line depreciation method: 5. 5 Using Straight-line depreciation what is the book value at the end of year 3 ? 6.5 Uving straight-line deprecation whot is depreciation expense for year 4 ? 7.5 Using straibht line deprecition what is accumuated deprecation at the end of year 4 ? 1.s. Uhing stra de tine deprecistion what is the book value at the end of year 4 ? Using the data from the previous page Answer the following using 190% declining balance depreciation method: 9.5 Using 190 so declining balance depreciation what is depreciation eqpense for year 2 ? 10.5 Using 190% declining balance depreciation what is accumulated depreciabion at the end of year 2? 11.5 Using 1905 declining balance depreciation what is bock value at the end of yex 2? 12.4 Uing 1900 declining balance depreciation what is degreciation expense for year 3 ? 13,5 Using 190 so declining balance deprecation what is depreciation eapense for year 4 ? Continue to use the data from the pevious page: T Tramport uned the truck as follow: whar 3 Step by Step Solution
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