Problemjan 1 - abc bought company car for 35000 which will, Ask an Expert

Accounting

Problem:

Jan 1 - ABC bought company car for 35,000 which will be replaced in 4 years with a salvage value of 10,000.

Required:

Question 1: Prepare the depriciation table using the straight line method the double declining balance method.

Question 2: What will the depreciation expense be if the car will last 200,000 miles and was driven only 25,000.

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91164656

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