Question
The question below results in the accumulated depreciation $135,000 for vehicle A and $40,000 for vehicle B? Could you please explain why? Question The vehicle
The question below results in the accumulated depreciation $135,000 for vehicle A and $40,000 for vehicle B?
Could you please explain why?
Question
The vehicle was reported a follows in 30 June 2016:
Vehicle (at cost) $500,000
Accumulated depreciation ($150,000)
$350,000
The vehicle consisted of 2 vehicles, vehicle A and vehicle B.
Vehicle A has cost $300,000 and had a carrying amount of $180,000 at 30 June 2016.
Vehicle B had cost $200,000 and was carried at $170,000.
Both are measured using the cost model and depreciated on straight line method over 10 years
Cost $300,000 $200,000
Accumm. dep $135,000 $40,000
$165,000 $160,000
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