The owner of a large manufacturing plant pays the base rate of $11.24 per $100 in wages paid for workers’ compensation insurance
2 answers:
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Answer:
$4366.67
Explanation:
Given: Asset book value on july 1, year 3= $57800
Salvage value= $5400
Useful life left= 6 years.
Now, computing the depreciation expense under straight line method.
Formula; Depreciation=
Useful life in months=
Next, Depreciation expense=
∴ Monthly depreciation expense= $ 727.77
Depreciation expense for last six months of year 3=
∴ Depreciation expense for last six month of year 3 is $4366.67.