Homework Answers
36. a. $2500
| Cost | Salvage |
Depreciable value [Cost - salvage value] |
Use ful life |
Depreciation [Depreciable value /Useful life] |
| 6000 | 1000 | 5000 | 5 | 1000 |
| 6000 | 1000 | 5000 | 10 | 500 |
| 11000 | 1000 | 10000 | 10 | 1000 |
| Total | 2500 |
37. Option ,c ,1050
38. Option a, 1400
39. Option b ,3850
Workings:
| Cost | 9000 |
| Residual value | 2000 |
| Depreciable value | 7000 |
| Useful life | 5 |
| Depreciation | 1400 |
|
Depreciation for 20X1 [1400*9/12] |
1050 |
| Depreciation for 20X2 | 1400 |
| Depreciation for 20X3 | 1400 |
| Accumulated depreciation as on Dec 31,20X3 | 3850 |
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