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Sum of the years digits method. Car purchased for 32 000 euro, shipping cost of 3000 has an estimated life of 5 years or 250
Sum of the years digits method.
Car purchased for 32 000 euro, shipping cost of 3000 has an estimated life of 5 years or 250 000 km and a residual value of 5 000 euro. A total of 53 000 km was driven in the first year and 75 000 km in the second year. Please, calculate the depreciation expense for the second year using SYD depreciation method.
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