Outback Airlines purchased a 747 aircraft on 1 January, 2019, at a cost of $30,000,000. The estimated useful life of the aircraft is 20 years, with an estimated residual value of $4,000,000.
Calculate the accumulated depreciation and carrying amount at 31 December, 2019, 2020 and 2021 using the straight-line method and the diminishing value method and a rate of 10%.

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The Answer of Outback Airlines purchased a 747 aircraft on 1 January, 2019, at a cost of $30,000,000. The estimated useful life of the aircraft is 20 years, with an estimated residual value of $4,000,000.
Calculate the accumulated depreciation and carrying amount at 31 December, 2019, 2020 and 2021 using the straight-line method and the diminishing value method and a rate of 10%.

Outback Airlines Purchased a 747 Aircraft on 1 January, 2019