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Required: ting 1 From the information given calculate the following depreciation expenses for the year 1. Straight-line 2. Units of production (assume the van was
Required: ting 1 From the information given calculate the following depreciation expenses for the year 1. Straight-line 2. Units of production (assume the van was driven 78 000 kilometres during the financial year) 3. Diminishing balance (use 30%) 4. Using the straight-line method, show how vehicles will appear in the balance sheet. Assume the delivery vehicle was purchased on 1 October 2019, and that the accounting period ends on 30 June Canada Ltd purchased a delivery vehicle costing $52 000. It is expected to have a residual value of $200 at the end of its wat te of Ayun 200 000 kilometers
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