Can I please have the answer, I'll like to correct my own practice papers please, thank you.
Emmriks Pharmacy Delivery Service bought a fleet of motorbikes for service rollout throughout Trinidad and Tobago. The cost of the bikes were $10,000. GPS installation $5000 and courier pouches $2,500.
The bikes are expected to last for 5 years and expected to have a collective parts value of $1000 after 5 years.
Using 1)straight-line method, 2) Sum of years digits, 3) Double declining balance, calculate annual depreciation expenses and present answers in a simple table. Show calculations.