Answer:
Accumulated depreciation at the end of year 5 is $12 million
Explanation:
The relevant number of years with which to depreciate the asset is from 1 to 10, however these numbers are taking in descending in order to have more depreciation in early years and less in later years.
Years relevant weighting number
1 10
2 9
3 8
4 7
5 6
6 5
7 4
8 3
9 2
10 <u> 1</u>
Total weighting 55
The accumulated depreciation at the end of year 5 would depreciation from year 1 to year 5 calculated as shown below:
(10+9+8+7+6)/55*$16.5 million=$12 million
In other words, at the end of year $12 million would have been charged as expense to income statement.
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As a manager, you are being charged with reducing cost in a satellite laboratory; the physical environment of the workplace is a component of in Planning this case.
<h3>What is the planning in management?</h3>
Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.
<h3>Why is planning is important?</h3>
Planning helps us see in advance those things that can help us achieve our goal and those things that can prevent us from achieving our goal and work out what to do about them. Planning helps us to be accountable for what we do.
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