Depreciati ltd purchased a truck for long-distance, Ask an Expert

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Depreciati Ltd. purchased a truck for long-distance deliveries in Europe on Janu- ary 3, 20X7. The purchase consideration amounts to €100000. The truck is expected to have a salvage-value of €20000 at the end of its eight-year useful life.

Required:

(a) Prepare a depreciation schedule using the straight-line method.

(b) Prepare a depreciation schedule using the diminishing balance method.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91719700

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