ACCY 112-Duckling Ltd purchased and delivery van costing $32, 000

by | Mar 18, 2020 | Uncategorized

  
Duckling Ltd purchased and delivery van costing $32, 000 net of GST. It is expected to have a residual value of $12,000 at the end of its useful life of 4 years or 200 0000 kilometres.

  1. Assume the van was purchased on 2 July 2014 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2014?2015 using each of the following depreciation methods:

Sum?of?the years digits

2. Assume the van was purchased on 1 October 2014 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2014?2015 using each of the following depreciation methods:

Sum?of?the years digits
  

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