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Find the annual depreciation for a van

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Question (a) Use the straight line method to find the annual depreciation for a van that costs $18,000, has an expected life of 3 years and has a salvage value of $3,000.

Question (b) The cost of a fishing boat is $150,000. The declining balance method is used for computing depreciation. If the depreciation rate is 15 percent, compute the book value and accumulated depreciation of the boat at the end of 5 years.

Question (c) A new equipment costing $10,000 is purchased. Using a declining balance rate of 12 percent, find the book value at the end of 5 years.

Question (d) Construct a depreciation schedule using the straight line method for a new truck that costs $80,000 and has a salvage value of $8,000 at the end of 6 years

Reference no: EM132601986

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