abstruse
Nov 14, 2009, 07:43 PM
Q) An asset has a cost of $50,000. Transportation to get to its place of destination is $3,000, taxes related to the purchase total $2,000, other costs necessary to make it functional amount to $5,000. It has an estimated life of 10 years. What is the amount of its annual depreciation using the STRAIGHT Line method?
A) $5,000
B) $ 6,000
C) $ 7,000
D) $ 3,000
The salvage value is not given. How can I solve this problem without salvage value?
A) $5,000
B) $ 6,000
C) $ 7,000
D) $ 3,000
The salvage value is not given. How can I solve this problem without salvage value?