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Question 6 a): On January 1, 2023, the bookstore purchased a truck for $35,000 (used for transporting inventory). The bookstore will use this truck for
Question 6 a): On January 1, 2023, the bookstore purchased a truck for $35,000 (used for transporting inventory). The bookstore will use this truck for four years at which point it will have a salvage value of $1,500. The total expected usage is 80,000 kilometers. Determine the deprecation rate per KM and fill in the missing data in the table below: Asset Depreciation Number of Depreciation Accumulated Asset Book Date Cost Per Kilometer Kilometers Amount Depreciation Value
Asset | Depreciation | Number of | Depreciation | Accumulated | Asset Book | |
Date | Cost | Per Kilometer | Kilometers | Amount | Depreciation | Value |
01--23 | $35,000 | |||||
31--23 | 19,000/00 | |||||
31--24 | 21,000/00 | |||||
31--25 | 20,000/00 | |||||
31--26 | 23,000/00 |
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