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Subizden Co. purchased a drilling truck for 245.000TL. The truck had an expected life of 5 years or 250.000km, and an estimated salvage value of
Subizden Co. purchased a drilling truck for 245.000TL. The truck had an expected life of 5 years or 250.000km, and an estimated salvage value of 57.500TL. During second year of operations, the truck was driven 48.000km. The companys fiscal year end is 31 December. Required: Compute the depreciation for the second year under each of the following methods assuming that the truck was purchased on 01 February.
a. Straight-Line
b. Double-Declining
c. Units-of-Production
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