Show motor car account under written down value method if the following information is available: i) Motor

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Question:

Show motor car account under written down value method if the following

information is available:

i) Motor car cost Rs. 150,000

ii) Estimated life 5 years

iii) Rate of depreciation 20%

iv) Residual value Rs.20,000

Related Book For answer-question

Managerial Accounting

ISBN: 978-1285866307

13th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Posted Date: Jan 03, 2021 07:37 PM

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Show motor car account under written down value method if the following information is available: i) Motor

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Expert Answer:

The account for the motor car would be as follows Motor car Cost Rs ... View the full answer

Managerial Accounting

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