Online Library for Study Material with Solved Assignments - Desklib
Please answer questions including all working process, please submit on the moodle, only word file will be accepted, keep similarity rate as low as possible, less than 20%. Use your SID and name to be the name of the file. Question 1 (8 marks) On 1 July 2011 Sprintfast Couriers, which has a year-end of 30 June, purchased a delivery truck for use in its courier operations at a cost of $65 000. At the end of the truck’s useful life it is expected to have a residual value of $5000. During its six-year useful life, Sprintfast Couriers Limited expected the truck to be driven 246 000 kilometres. Required Calculate the annual depreciation charge for each of the six years of the truck’s life using the following methods: (a) the straight-line method (b) the sum-of-digits method (c) the declining-balance method (d) the units-of-production method using kilometres as the basis of use and assuming the following usage: Year Kilometres 2012 28 000 2013
Added on 2023-04-23
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Online Library for Study Material with Solved Assignments - Desklib
Please answer questions including all working process, please submit on the moodle, only word file will be accepted, keep similarity rate as low as possible, less than 20%. Use your SID and name to be the name of the file. Question 1 (8 marks) On 1 July 2011 Sprintfast Couriers, which has a year-end of 30 June, purchased a delivery truck for use in its courier operations at a cost of $65 000. At the end of the truck’s useful life it is expected to have a residual value of $5000. During its six-year useful life, Sprintfast Couriers Limited expected the truck to be driven 246 000 kilometres. Required Calculate the annual depreciation charge for each of the six years of the truck’s life using the following methods: (a) the straight-line method (b) the sum-of-digits method (c) the declining-balance method (d) the units-of-production method using kilometres as the basis of use and assuming the following usage: Year Kilometres 2012 28 000 2013
Added on 2023-04-23
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