depreciation expense

Accounting
Tutor: None Selected Time limit: 1 Day

May 11th, 2015

straight line depreciation method

=[initial cost-salvage value]/ time

[24000-4000]   /10

20000/10

2000


the salvage value is 2000 for 5 yrs then it will be

24000-2000/   5

22000/5

4400 to be recorded in the yr 2010

May 11th, 2015

the answer to this question is 7,000 and i am not sure how to get 7,000

May 11th, 2015

the answer to this question is 7,000 and i am not sure how to get 7,000

May 11th, 2015

Are you studying on the go? Check out our FREE app and post questions on the fly!
Download on the
App Store
...
May 11th, 2015
...
May 11th, 2015
Dec 10th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer