Apr 8th, 2015
RockCafe
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?

(Top Tutor) Daniel C.
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School: Cornell University

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Apr 8th, 2015
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