Question

A business’ financial period ended 30 June. A motor car is bought on 1 July 2019
for $8000. Another car is bought on 1 July 2020 for $11 000. Each car is
expected to be in use for five years, and the disposal value of the first car is expected
to be $500 and of the second car $1,000.

Calculate depreciation for each car using:
(i) The straight-line method
(ii) The reducing balance method

Answer 1

Answer:

buisness is a very hard working but very comfortable wirk