Reference no: EM133064293
Question - Now John needs to record the depreciation for his new red bags that he purchased onAugst 1st, 2019.
Purchase Price $60,000
Salvage Value $4,000
Useful Life 5 years
Number of presents to deliver 1,000,000
1. Using the Activity-Based Method, calculate the depreciation for 2019 if John distribute 40,000 presents.
2. Using Straight-line Deprecation method, calculate the depreciation for 2020.
3. Using the Sum of Years Digits Method, calculate the depreciation for 2019.
4. Using the Triple-Declining Depreciation Method, calculate the depreciation for 2019.
5. Using the Triple-Declining Depreciation Method, calculate the depreciation for 2020.