(Answered) Question - on 1 july 2011 sprintfast couriers which has a

Accounting

Question - On 1 July 2011 Sprintfast Couriers, which has a year-end of 30 June, purchased a delivery truck for use in its courier operations at a cost of $65 000. At the end of the truck's useful life it is expected to have a residual value of $5000. During its six-year useful life, Sprintfast Couriers Limited expected the truck to be driven 246 000 kilometres

REQUIRED - Calculate the annual depreciation charge for each of the six years of the truck's life using the following methods:

(a) the straight-line method

(b) the sum-of-digits method

(d) the units-of-production method using kilometres as the basis of use and assuming the following usage:

Year Kilometres

2012 28 000

2013 34 000

2014 42 000

2015 55 000

2016 68 000

2017 19 000

246 000

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