Question - A vehicle with cost of 500.000 TL is purchased on January 1 2016. Its useful life is 1.000.000 km and estimated residual value is 20.000 TL.
Required: According to Units of Production Method;
a) Calculate the accumulated depreciation and net book value of this vehicle after 400.000 km.
b) Journalize the depreciation expense after this vehicle is used for 200.000 km.