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garri49 [273]
3 years ago
13

Computer equipment was acquired at the beginning of the year at a cost of $57,000 that has an estimated residual value of $9,000

and an estimated useful life of 5 years. Determine the second-year depreciation using the straight-line method.
Business
1 answer:
ioda3 years ago
5 0

Answer:

$9,600

Explanation:

Annual Depreciation = Cost – Residual Value/Useful Life

Using the formula

Cost=$57,000

Residual value =$9,000

Useful life =5years

Hence:

$57,000 – $9,000/5

=$48,000/5

= $9,600

The second-year depreciation will therefore be $9,600

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