A company purchased a vehicle for $6000. I will be used for 5 years and its residual value is expected to be $1000. What is the annual amount of deprecation using straight line method of depreciation

1000

2000

3000

3300

1000

Financial Accounting Author: rikazzz

A. Cash

B. Goods

C. Debt

D. Investment

A. Noting charges account

B. Interest account

C. Discount account

D. Drawer’s account

A. Account title and description

B. Account title and date

C. Amount

D. Date

A. One part

B. Two parts

C. Three parts

D. Four parts

A. A current Asset

B. A fixed Asset

C. An intangible Asset

D. A wasting Asset

A. Debit Side of an account

B. Credit side of an account

C. Both sides of an account

D. None of the above

A. Trading Account

B. Profit and Loss Account

C. Balance sheet

D. Sales Account

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