a company has purchased a delivery van for$16,000.in five years they will trade van and receive$1,500 credit?

Question

can you please tell me how to do this response. Thanks a million times.

a company has purchased a delivery van for $16,000.In five years,they will trade in this van and receive$1,500 credit towards the purchase of another van. Do a depreciation table using both the straight line method and the declining balance method. My question to you all is how is this prepare and how do i get the solution to this promblem.

Answer 1

$16,000 - $1,500 = $14,500 total they paid for the van.

Hard to tell what it is you want to know.

Answer 2

impossible the question is not complete.