How does allowing depreciation help companies?A home healthcare care company purchases a van for home visits for $60,000. The van depreciates $15,000 a year.

How does allowing depreciation help companies?A home healthcare care company purchases a van for home visits for $60,000. The van depreciates $15,000 a year.
Module 02 Questions/Problems – Depreciation and Statement of Cash Flows
Write your answers in the space provided for each of the questions below:
Part 1: Answer the following depreciation problems:
A home healthcare care company purchases a van for home visits for $60,000. The van depreciates $15,000 a year. What will the book value of the van be in 1 year? In 2 years? How many years will it be until it’s worth $0?How does allowing depreciation help companies?Part 2: For each of the transactions below, assign the appropriate cash-related activity (A-D):A. Cash flows from operating activitiesB. Cash flows from investing activitiesC. Cash flows from financing activitiesD. Net increase (or decrease) in cash and cash equivalents
$50,000 repayment of long-term loan.$7,000 proceed from the sale of a used x-ray machine.$40,000 worth of services rendered.$15,000 in payments from patients.$1,000,000 purchase of new office space for expanding services.$10,250 net cash and cash equivalents at the end of the year.$500,000 received by the issuance of a long-term bond.$100,000 proceeds from an investment in a 10-year bond.

 
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