The Dabble Corporation wants to begin exporting its products. The company needs advice about how to get started, as well as trad
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Answer:
$10,000
Explanation:
Depreciation is charged to every asset based on the life and usage of such asset.
Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.
Here, as provided straight line depreciation =
Here, cost of asset = $48,000
Salvage value = $8,000
Thus, numerator in fraction = $48,000 - $8,000 = $40,000
Useful life of the asset = 4 years
Therefore, depreciation expense for each year =
It will be same for each year, therefore, depreciation expense for year 2 = $10,000