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Determine the amount of annual depreciation

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Reference no: EM132630133

Question -

1) A company bought a vehicle for the distribution of its products worth $ 600,000.00 plus TAX in cash.

1. Make the depreciation record

2. Determine the amount of annual depreciation

3. Determine the useful life of the transportation equipment

2) On April 16, 2018, merchandise was sold on credit to the company EL GUERO for an amount of $ 400,000 plus TAX. The cost of the merchandise is $ 120,000 perform registration:

1. of the sale

2. of cost of sales

Reference no: EM132630133

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