A company has a vehicle that cost It has a useful life of 7 35000 years...

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A company has a vehicle that cost It has a useful life of 7 35000 years and a residual value of 1500 for 5300 (dec 31 The company uses STRAIGHT LINE depreciation the assets was sold at the end of year 6 make the appropriate entry to record the disposal of the asset. Date Description Dr Cr Part B) Fill in the chart and record the disposal of the asset if the company uses DECLINING BALANCE Depreciation Year opening balance 1 2 3 4 5 Deprectiaion expense 6 7 Record the disposal of the asset for 5300 at the end of year 6 Date Description 31-Dec Acc. To date NBV Dr Cr 1500.00 A company has a vehicle that cost It has a useful life of 7 35000 years and a residual value of 1500 for 5300 (dec 31 The company uses STRAIGHT LINE depreciation the assets was sold at the end of year 6 make the appropriate entry to record the disposal of the asset. Date Description Dr Cr Part B) Fill in the chart and record the disposal of the asset if the company uses DECLINING BALANCE Depreciation Year opening balance 1 2 3 4 5 Deprectiaion expense 6 7 Record the disposal of the asset for 5300 at the end of year 6 Date Description 31-Dec Acc. To date NBV Dr Cr 1500.00