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balandron [24]
3 years ago
11

Using a straight-line depreciation schedule, at what amount is the company depreciating its equipment if the cost of the equipme

nt is $45,000 and it has a residual value of $5,000 with a useful life of four years?
Mathematics
1 answer:
Nikolay [14]3 years ago
6 0

We are told the equipment costs $45,000, has a residual value of $5,000, and four years of useful life. In Straight Line Depreciation, the amount for each year is the same no matter the year in its useful life.

Yearly Depreciation = (Cost - Residual Value) ÷ (Number of years of useful life)

= (45000 - 5000) ÷ 4

= 40000 ÷ 4

= 10000


Thus, the company's equipment depreciates $10,000 each year until the end of its useful life.

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2. True
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2 times the product of the sum of
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5. True
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the product of 5 and....                ------->(5)(........
the product of 5 and
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Answer:

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