Given the following information pertaining to item AX143, determine the appropriate number of kanban cards that should be used t
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Answer:
58,350 dollars
Explanation:
In straight line depreciation, we calculate annual depreciation by using the formula shown below:
Annual Depreciation =
Given,
Cost is 72,540
Salvage Value is 1590
Useful Life = 15 years
We have:
Annual Depreciation = 72540-1590/15 = 4730
At end of Year 3, the total depreciation would be:
4730 * 3 = 14,190
The remaining value of the item would be:
Cost - Total Depn for 3 years
72,540 - 14,190
= 58,350 dollars