N a m e s ahew N utor $45.000. The sales taxes are $2.500. The of...

Question

Question

business accounting

Answer 1

Answer #1

	Amount ( $ )
Purchase price of new delivery truck	45000
Sales Tax	2500
Safety test	220
Painting of truck	1200
	48920

Q 2 >

Depreciation to be charged	(Cost of equipment - Salvage Value)/useful life
	(3,00,000-50,000)/6
	41,666.67

Depreciation for two years	41666.67*2
	83,333.33

Book Value of asset at the beginning of the third year	3,00,000-83,333.33
	2,16,666.67

Answer 2

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