Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Will rate on multiple accounts if all 3 are answered Question 56) ABC Limited purchased a delivery van on January 1, 2018. The cost of

Will rate on multiple accounts if all 3 are answered image text in transcribed
image text in transcribed
image text in transcribed
Question 56) ABC Limited purchased a delivery van on January 1, 2018. The cost of the van is determined to be $22,000 with an estimated residual value of $2,000. The van is expected to be used for 5 years or 100,000 kilometers. ABC has a December 31 year-end. In 2019, the van was driven for 19,000 kilometers. Using the Units-of- production method, the depreciation for 2019 is: e. $4.000 a. $4,400 d. $4,800 O b. $4,180 O c. $3,800 Question 30 (1 point) Question 53) ABC Limited purchased a delivery van on April 1, 2018. The cost of the van is determined to be $22,000 with an estimated residual value of $2,000. The van is expected to be used for 5 years or 100,000 kilometers. ABC has a December 31 year-end. Using straight line method of depreciation, the depreciation for 2018 is: a. $3,300 Ob. $3,600 O c. $3,000 Od. $2,700 O e. $3,150 Question 52) ABC Limited purchased a delivery van on January 1, 2018. The cost of the van is determined to be $22,000 with an estimated residual value of $2,000. The van is expected to be used for 5 years or 100,000 kilometers. ABC has a December 31 year-end. Using straight line method of depreciation, the annual depreciation is: O a. $4,400 O b. $4,000 c. $3,600 O d. $4.800 ce. $4.200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services

Authors: William Messier, Steven Glover, Douglas Prawitt

6th International Edition

ISBN: 0071284664, 978-0071284660

More Books

Students also viewed these Accounting questions

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago