Question
Q.3. Yellow Manufacturing Company purchased a machine for TL 1.000.000 on January 1 2020. Expected useful life of the vehicle is 5 years and
Q.3. Yellow Manufacturing Company purchased a machine for TL 1.000.000 on January 1 2020. Expected useful life of the vehicle is 5 years and estimated residual value is TL 30.000. Purple company is using Double Declining Balance Depreciation Method for this vehicle. Required: a) Prepare a table that shows depreciation expense of each year over the machine's useful life (10pts) b) What is this Machine's accumulated depreciation at the end of 4 years? (5 pts) c) Journalize depreciation expense of this vehicle at the end of 5th year. (5 pts) d) Journalize sale transaction when this vehicle is sold for 300.000 TL at the end of 2 years. (10 pts)
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