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Exam (elaborations)

If a company purchases a delivery truck to be used in its business,

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If a company purchases a delivery truck to be used in its business, the truck Solution The cost of the truck will be decrease over time using the Accumulated Depreciaton account. When the NET account of Deliviery Truck - Accumulated Depreciaed Truck = 0 or Salvage Value. The deprecition stops but you can still use the truck to generate revenue. So the cost of the truck decrease but will stop and stay the same after sometimes.

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HBO Small Business En Ondernemerschap
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HBO Small Business en Ondernemerschap

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If a company purchases a delivery truck to be used in its business, the truck


Solution
The cost of the truck will be decrease over time using the Accumulated Depreciaton
account. When the NET account of Deliviery Truck - Accumulated Depreciaed Truck = 0 or
Salvage Value. The deprecition stops but you can still use the truck to generate revenue. So the
cost of the truck decrease but will stop and stay the same after sometimes.
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HBO Small Business en Ondernemerschap
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Uploaded on
June 27, 2023
Number of pages
1
Written in
2022/2023
Type
Exam (elaborations)
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Questions & answers

Subjects

  • if company
  • company purchases
  • purchases delivery
  • delivery truck
  • truck be
  • be used
  • used its
  • its business
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