Using the straight-line method, what is the depreciation expense for a computer that cost $4,500, has a residual value of $700,

Question

3 years ago

15

and has a life of four years?

2 answers:

Ivan · Answer 1 · 2022-04-22T23:33:09+03:00

Ivan3 years ago

3 0

1 st year= 4500
depreciation=700
after dep. 3800
because of straight line method value will be same

damaskus [11] · Answer 2 · 2022-04-23T01:41:11+03:00

3 0

Answer:

$950

Step-by-step explanation:

Depreciation = (Cost - Residual value) / Useful life

Cost = $4,500

Residual value = $700

Useful life = 4 years

Depreciation = (4500 - 700) / 4

Depreciation = $950