Question: please help, ive tried everything and still dont understand. please list work and answers clearly. thank you so much! On January 1, 2018 ABC Company

please help, ive tried everything and still dont understand. please list work and answers clearly. thank you so much!
please help, ive tried everything and still dont understand. please list work

On January 1, 2018 ABC Company purchased a vehicle for $100,000 cash. The vehicle has a useful life of 5 years with a salvage value of $10,000. Using the fixed asset template located in the D21 chapter 11 computation quiz section, please calculate the following: 1) 12/31/2021 depreciation expense 2) 12/31/2021 accumulated depreciation 3) 12/31/2021 book value 4) gain or loss amount if asset is sold on 12/31/2021 for $22,000 cash. If no gain or loss, enter 0. Note: Do not enter any commas or periods in your answer. If answer is negative, just enter the number without the negative. 2 A/ A >>

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!