On January 1, 2015, Homes Realty Ltd. purchased a $45,000 vehicle to chauffeur clients to prospective...

Question

Question

On January 1, 2015, Homes Realty Ltd. purchased a $45,000 vehicle to chauffeur clients to prospective homes. Homes plans on d

Answer 1

Answer #1

Double Declining balance Method Rate of Depreciation = (1/ Life) *2 Depreciation Rate = (1/5)*2 40% Double Declining balance

Answer 2

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