17) In 2018, Moon Ltd a goods transport business, purchased and placed in service the...
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Accounting
17) In 2018, Moon Ltd a goods transport business, purchased and placed in service the following assets: five trucks costing $780,000 (placed in service on January 20th), two 20 tons mobile crane vehicle costing $220,000 (placed in service on April 20th), new office furniture for $135,000 and computers worth $24,500 (placed in service on November 1st). Which convention should the company use to determine depreciation for 2018? Justify your answer. (3 marks) i get answer Q17) please i need answer Q21)
21) What is the depreciation expense for each equipment purchased by Moon Ltd. to be charged for the first year knowing that it uses 200% declining balance method (refer to Question (17) above)? Justify your answer. (6 marks)
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