Q3// The municipality directorate purchased the mechanisms for an amount of (120) million Iraqi dinars, and the period of their use was estimated at (10) years. If the recoverable value was (60) million dinars, find And by using the method of the fixed ratio 1 - extinction in the sixth year. 2- The accumulated depreciation at the end of the sixth year 3- The book value at the end of the sixth year 4- The book value at the end of the useful life (the period of use).

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Q3// The municipality directorate purchased the
mechanisms for an amount of (120) million Iraqi
dinars, and the period of their use was estimated at
(10) years. If the recoverable value was (60) million
dinars, find And by using the method of the fixed
ratio 1 - extinction in the sixth year. 2- The
accumulated depreciation at the end of the sixth
year 3- The book value at the end of the sixth year
4- The book value at the end of the useful life (the
period of use).
Transcribed Image Text:Q3// The municipality directorate purchased the mechanisms for an amount of (120) million Iraqi dinars, and the period of their use was estimated at (10) years. If the recoverable value was (60) million dinars, find And by using the method of the fixed ratio 1 - extinction in the sixth year. 2- The accumulated depreciation at the end of the sixth year 3- The book value at the end of the sixth year 4- The book value at the end of the useful life (the period of use).
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