Freds Freighthauling Pty Ltd has a small fleet of delivery trucks. Each one is depreciated on the reducing balance method (rate 20%). Truck 4 was…

Byadmin

Fred’s Freighthauling Pty Ltd has a small fleet of delivery trucks. Each one is depreciated on the reducing balance method (rate 20%). Truck 4 was purchased on the 1st July 2011 for $96000. Residual value was estimated at $16000 and useful life 10 years. It was sold on 31st March, 2015 for $40000. The company’s financial year end on 30th June each year.Calculate the difference of the two depreciation methods (reducing balance method andstraight line depreciation)on the company’s Profits for 2015. Ignore tax effects.

Having Trouble Meeting Your Deadline?

Get your assignment on Freds Freighthauling Pty Ltd has a small fleet of delivery trucks. Each one is depreciated on the reducing balance method (rate 20%). Truck 4 was… completed on time. avoid delay and – ORDER NOW

Do My Paper

Depreciation Schedule using Straight Line Method 1st July 20111st July 20121st July 20131st July 201431st March 2015 DepreciationExpense$0$8,000$8,000$8,000$6,000 BookValue$96,000…

Explanation & Answer

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

Similar Posts

Identify, analyze, and discuss the components that comprise a valid evidence-based research study. Identify, analyze, and discuss the components that comprise a valid evidence-based research study.

Identify, analyze, and discuss the components that comprise a valid evidence-based research study. Identify, analyze, and discuss the components that comprise…

Suggest one (1) key economic factor that motivates leasing as an option in acquiring an asset.Explain the potential asymmetries that may exist where leasing may be beneficial to both the lessors and the lessee.

Suggest one (1) key economic factor that motivates leasing as an option in acquiring an asset.Explain the potential asymmetries that may…

you will be providing a forecast of the number of clinic visits for November 2008 using the average change, confidence interval, average percent change, moving averages, and exponential smoothing forecasting methods.

you will be providing a forecast of the number of clinic visits for November 2008 using the average change, confidence interval,…