Accounting

Solution to Demonstration Problem ( Part-2 )

Solution to Demonstration Problem ( Part-2 )

It’s a Solution of Demonstration Problem of Skyline Limousine Co. On January 1, 2003 Skyline Limousine Co. purchased a limo at an acquisition cost of $28,000. The vehicle has been depreciated by the straight-line method using a 4-year service life and a $4,000 salvage value. The company’s fiscal year ends on December 31. The problem of constructing an angle equal to the one third of the given one has been pondered since the times of antiquity. Probably to make the notion of ‘geometric construction more exciting the Ancient Greeks have restricted the allowed operations to using a straightedge and a compass.