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Create the highest net income

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Reference no: EM132526116

Kona Company purchased a vehicle on April 6, 2017 for $680,000. It has Q4 an expected useful life of 6 years or 1,060,000 kilometers and is to have a residual value of $48,000. Fiscal year end is December 31.

The company uses the nearest whole month method Assume the kilometers driven were :

2017   156,000 Km

2018    88,000 Km

Required:

Question a) Provide depreciation and book value for the 3 methods. Straight line , Declining Balance, Units of Production Value

Question b) Which method will create the highest net income in 2018?

Reference no: EM132526116

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