Question: Please solve using three methods indicated in the screenshot. Note that the truck was purchased on Feb.01. We're calculating the amortization on Dec.31. So the

Please solve using three methods indicated in the screenshot.

Note that the truck was purchased on Feb.01. We're calculating the amortization on Dec.31. So the time period is not whole year.

please be careful of thay while calculating! thanks and have a nice day!

Please solve using three methods indicated in the screenshot. Note that the

AFORL-Calculating amortization Attached Files: Amortization methods AFORL xlsx (8.644 KB) Please complete the following Target Ltd. purchased a truck on February 1, 2005 The truck cost $40,000, has a useful life of seven years. The residual value of the truck is $5,000. It has been estimated that in the life of the truck, it will be able to travel 500.000 km. The truck traveled 120,000 km in 2005 and is projected to travel 110,000 km in 2006, INSTRUCTIONS: Calculate the amortization for 2005 using the three methods of amortization: -straight line, -units of production, double declining balance at December 31

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