On August31,2020, Sameera company acquired a truck at a cost of BD15000 and insurance is...
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On August31,2020, Sameera company acquired a truck at a cost of BD15000 and insurance is BD2000. The truck is expected to have a salvage value of BD3000 at the end of 4-year useful life. Required: 1- Compute the depreciation under Double Declining method. Annual period Depreciable cost Useful life Depreciation Accumulated expense depreciation Book value 2- Prepare the journal entry for second year. Account Title and Explanation Date PR Debit Credit
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