Please help me with this Questions

Apr 8th, 2015
Anonymous
Category:
Accounting
Price: $5 USD

Question description

1) A firm bought a machine for $20,000 which is expected to be used for 5 years and then sold for $2,000. What is the annual amount of depreciation if the straight line method is used?

2) A machine costing $10,000 has an expected life of 4 year and estimated residual value of $500. Calculate the depreciation charge per year?

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