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b. A Classiffed balance sheet, in report format, at December 31, 2021. Belvidere Pharmaceuticals C -Town Division 5) The Motor Car cost relates to two
b. A Classiffed balance sheet, in report format, at December 31, 2021. Belvidere Pharmaceuticals C -Town Division 5) The Motor Car cost relates to two Vista cars purchased for $2 , 200 , 000 each by the company on January 1, 2015. The doubledecliming balance method of depreciation is used to compute the car's depreciation charges and their expected useful life is 10 years or 100,000 miles. In 2015, 10,000 miles were driven, 16,500 in 2016 , 12 , 600 in 2017 , 16 , 000 in 2018 , 16 , 500 in 2019, 14,800 in 2020 and 16,800 in 2021 . The residual value on both car is $241 , 592 each. On September 1, 2021, the company sold one of the cars to ZM Company for $570 , 000 on credit. Round off answers to the nearest dollar. b. A Classiffed balance sheet, in report format, at December 31, 2021. Belvidere Pharmaceuticals C -Town Division 5) The Motor Car cost relates to two Vista cars purchased for $2 , 200 , 000 each by the company on January 1, 2015. The doubledecliming balance method of depreciation is used to compute the car's depreciation charges and their expected useful life is 10 years or 100,000 miles. In 2015, 10,000 miles were driven, 16,500 in 2016 , 12 , 600 in 2017 , 16 , 000 in 2018 , 16 , 500 in 2019, 14,800 in 2020 and 16,800 in 2021 . The residual value on both car is $241 , 592 each. On September 1, 2021, the company sold one of the cars to ZM Company for $570 , 000 on credit. Round off answers to the nearest dollar
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