Homework Answers
Answer: $3400
Explanation:
Depreciation = Cost of vehicle / useful life of vehicle
Depreciation = $10,200 / 3 year = $3400 per annum (Answer)
As it's mentioned at the end of three years book value should be 0, Striaght line depreciation method is used to calculate the depreciation. when the depreciation per annum ($3400) is deducted from cost of purchase of vehicle ($10,200) it will be 0 at the end of third year.
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