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  1. business
  2. accounting
  3. on april 1st in year 1 = 3 months 25% 75% cr 122 q

on April 1st in year 1 = 3 months 25% 75% CR 122 Question 4:...

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Accounting

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on April 1st in year 1 = 3 months 25% 75% CR 122 Question 4: Partial Year 123 company A purchased a Car for $24,000 124 It will have a residual value of $6,000 125 and a useful life of 9 years 126 it has a year end on june 30th 127 128 a) using the straight line method, create the entries for depreciation for the first and the 2 years. 129 'between April 1st & june 30th 130 131 Date Description DR 132 year 1 133 134 135 year 2 136 137 138 139 b) what would the entry in the last year? 140 Date Description DR CR 141 year 10 142 143 144 145 6 marks

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