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bezimeni [28]
3 years ago
13

1. Albacore Corporation purchased a new machine costing $27,600 on January 1, 2017. The machine is expected to have a $1,800 sal

vage value at the end of its useful life of six years.What is the depreciation expense that Albacore Corporation records for 2017 using the straight line method?
Business
1 answer:
docker41 [41]3 years ago
7 0

Answer:

Annual depreciation= $4,300

Explanation:

Giving the following information:

Purchasing price= $27,600

Salvage value= $1,800

Useful life= 6 years

To calculate the depreciation expense using the straight-line method, we need the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (27,600 - 1,800) / 6= $4,300

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