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What are the depreciations for the year

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Problem 1: At the beginning of 2020, Nautgripabúið hf. invested in a tractor. The purchase price was ISK 245,000. It is estimated that the tractor will be driven 1,000,000 km. for a 12-year service life and then it will be possible to get 35,000 ISK for it. In the year 2020, the drive was 90,000 km. The tractor is depreciated according to the Units-of-Activity Method. What are the depreciations for the year 2020 and how are they recorded in the accounts?

Reference no: EM132794481

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