Question
please SOLVE THIS WITHIN 20 MINUTES. NO NEED ANY EXPLANATION Nannu PLC has 3 vehicles. The company follows different depreciation methods for each of the
please SOLVE THIS WITHIN 20 MINUTES. NO NEED ANY EXPLANATION 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 N366TXP89 N226MDU76 .. N176XW98 Depreciation Method Declining balance .. Units of Activity Straight Line Purchase date October 1,2020 July 1,2020 . January 1,2020 Cost ($) 250000 200000 140000 Salvage Value ($) 50000 40000 10000 Useful Life (Years) 5 5 5 N226MDU76 is expected to be used for 25000 hours. Actual hours used in the year 2020 and 2021 were 5500 hours and 10800 hours respectively. Complete the depreciation schedules of each of the vehicles for 2020 and 2021.
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