Historical cost $$298,000 for a tractor equipment purchased on January 1, 2019. Salvage value of...
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Historical cost $$298,000 for a tractor equipment purchased on January 1, 2019. Salvage value of $13,500 for 10 years. 1. Please calculate the straight line depreciation. 2. What is the journal entry? 3. What is the book value ? 4. What is the depreciation using declining balance method? 5. What is the depreciation using sum of years digits? Question 3 - what is the book in year five Question 4 & 5 show 10 years of calculation.
Historical cost $$298,000 for a tractor equipment purchased on January 1, 2019. Salvage value of $13,500 for 10 years.
1. Please calculate the straight line depreciation.
2. What is the journal entry?
3. What is the book value ?
4. What is the depreciation using declining balance method?
5. What is the depreciation using sum of years digits?
Question 3 - what is the book in year five
Question 4 & 5 show 10 years of calculation.
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