How would I solve this problem ?
If you have a cost of 11000 & salvage of 1000 for 5 yr -- use the straght line method to get the 6 year ?
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How would I solve this problem ?
If you have a cost of 11000 & salvage of 1000 for 5 yr -- use the straght line method to get the 6 year ?
If your estimated useful life is 5 years and you are trying to get your depreciation for a 6th year, then your depreciation will be 0, because your asset will be fully depreciated by year 5.
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