Homework Answers
Ans:
Delivery Truck Cost=87,440
Residual Value=7,240
End of Life= 4 Years
Depreciation =1/4=25%
Depreciation rate is double to the Straight line Method Depreciation Rate
=25%*2=50%
|
Year |
Depreciation Expense |
||
|
2018 |
43720 |
||
|
2019 |
21860 |
||
|
2020 |
10930 |
||
|
2021 |
5465 |
Depreciation In total over the truck life(4 Years)=81975
|
Explanation: Year |
Depreciation Expense |
|
|
2018 |
(87440)*50% |
43720 |
|
2019 |
(87440-43720)*50% |
21860 |
|
2020 |
(87440-43720-21860)*50% |
10930 |
|
2021 |
(87440-43720-21860-10930)*50% |
5465 |
|
Total Depreciation For 4 years |
81975 |
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