Question 05: G&B Limited Acquired an equipment on 3 May 2013 for $50,000, installation charges were $3,000 and Insurance during Transit paid $2,000. The equipment has a useful life of 5 years and no residual value, if the company uses Straight Line depreciation what would be the depreciation expense at Dec 2013? What would be the accumulated depreciation at the end of Dec 2014? (Assume G&B uses Half year Convention) Question 01: Alvi Corporation purchased a new vehicle on March 01, 2015. The vehicle cost $150,000, has a 5-year life and a residual value of $20,000. If Alvi depreciates a truck by double- declining method (200% method). How much should be recorded as depreciation Expense in 2016. Question 01: Alvi Corporation purchased a new vehicle on March 01, 2015. The vehicle cost $150,000, has a 5-year life and a residual value of $20,000. If Alvi depreciates a truck by double- declining method (200% method). How much should be recorded as depreciation Expense in 2016. Question 01: Alvi Corporation purchased a new vehicle on March 01, 2015. The vehicle cost $150,000, has a 5-year life and a residual value of $20,000. If Alvi depreciates a truck by double- declining method (200% method). How much should be recorded as depreciation Expense in 2016