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provide me the solutions as soon as possible Nannu PLC has 3 vehicles. The company follows different depreciation methods for each of the vehicle. Information
provide me the solutions as soon as possible
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 ... N381TXP86 ... N292MDU77 N127XW90 Depreciation Method ... ... Declining balance .............. Units of Activity Straight Line Purchase date October 1,2020 ... ... July 1,2020 ....... January 1,2020 Cost ($) 240000 ... 190000 150000 Salvage Value ($) 60000 ...... 40000 ... 10000 Useful Life (Years) 5 ....... 5 4 ... ... ... ... ... ... ... ... ... ... N292MDU77 is expected to be used for 25000 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 2021Step by Step Solution
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