Tia45
Oct 11, 2012, 08:21 AM
Hi, I missed a class and now I don't understand how to do this question, can someone please help me?
Okay, this is the question:
On April 30,2003,the Excel Company purchased a delivery van for $240 000. At the end of it's useful life(4yrs) it is expected to be worth $20 000. During the 4yr period,the company expects to drive the van 150,000 miles.
Required:
Calculate annual depreciation for the 4yr life of the van using:
1)Straight Line
2)Sum-of-the-years-digits
3)Double Declining Balance
4)Units of production =>using miles driven as a measure of output,and the following milage.
I know the straight line method but I'm confused about the others. Can someone help me please, Thanks
Okay, this is the question:
On April 30,2003,the Excel Company purchased a delivery van for $240 000. At the end of it's useful life(4yrs) it is expected to be worth $20 000. During the 4yr period,the company expects to drive the van 150,000 miles.
Required:
Calculate annual depreciation for the 4yr life of the van using:
1)Straight Line
2)Sum-of-the-years-digits
3)Double Declining Balance
4)Units of production =>using miles driven as a measure of output,and the following milage.
I know the straight line method but I'm confused about the others. Can someone help me please, Thanks