Business, 15.12.2021 18:50 treyhunt5362

2012 Greeneve Ltd. bought two trucks, first truck for $8000 and second truck for $6000 and a machine for $8000 on 2nd January. They bought at machine costing $3000 on 1st October 2013. Bought another truck on 2nd June for $7600. Bought a machine costing $2100 on 8th November 2015. Sold the first truck for $3600 on 30th September for the sum of $810. Bought another machine for $2000 on 4th May. The business depreciate it's machine of the rate of 15% per annum using reducing balance method and 20% per annum for it's truck with straight line basis. From the following details: The financial year end of the business is 31st October. Calculate the depreciation for both assets.

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2012 Greeneve Ltd. bought two trucks, first truck for $8000 and second truck for $6000 and a machine...

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