The tractor was purchased on January 1, 2004 for $150,000. It is expected to have a salvage value of $10,000 at the end of its life. During 2004, the tractor was used for 310 hours. Assume that usage for the next four years will be 220 hours, 300 hours, 220 hours, and 150 hours, respectively.
For EACH year , 2004 - 2008 show the depreciation expense, accumulated depreciation, and book value using the straight-line, double declining balance (DDB), and units-of-production methods
2007-11-19
09:09:26
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1 answers
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ashl2121
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Other - Business & Finance