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    caleen's Avatar
    caleen Posts: 1, Reputation: 1
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    #1

    Dec 3, 2008, 02:23 AM
    Depreciation
    A business whose financial year ends on 31 December, 2008, purchases equipment for $5000. The equipment will be depreciated by 10 equal installments. On January 4th, 2010, the machine was sold for $3760. What is the annual depreciation?
    ASKnRECIEVE's Avatar
    ASKnRECIEVE Posts: 9, Reputation: 1
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    #2

    Dec 4, 2008, 08:31 PM

    If there is no salvage value, just take the $5000 and divide it by the 10 payments. If the payments are annual, then the annual depreciation is $500.
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