Vert Ltd. purchased a vehicle on 1 January 208 for $70,000 and began...
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Vert Ltd purchased a vehicle on January for $ and began to use it immediately. The estimated physical life of the vehicle is years, but the estimated useful life to Vert is years. The vehicle has an estimated residual value of $ The vehicle is anticipated to be driven for kilometres, and was driven kilometres in and kilometres in
Required:
Calculate depreciation expense for and using the straightline method, units of production, and declining balance using a rate of
table
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