I have bought some furniture for the price of 40 000 euros.  I establish the useful life in 5 years. You are expected to determine/devise (invent) yourself any further relevant data necessary in order to proceed with the calculations. Yes, that’ s exactly this: I am just giving you the price paid and the expected useful life. If you think you need additional data, then devise them yourself. I would accept any decision, as long as your calculations and explanations make sense.  Once you have done it, then prepare (in an Excel format, please) a depreciation plan using all the three main methods you have studied: straight line, units of activity, declining balance. Please prepare a table and indicate what the various numbers represent.  Now you are requested to :

 

Prepare a depreciation plan (you can use the template from the book or anything equivalent) assuming the car is bought on the 1^st January 2021, providing some explanations regarding the meaning of the various steps

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In order to devise any further relevant data necessary to calculate the depreciation plan of a furniture purchased for 40000 euros with a useful life of 5 years the following data is necessary Salvage ... View the full answer