Question

Carl buys a printer for his office on January 1, 2012 for $15,000. He estimates the machine to have a useful life of 10 years. The residual value of the machine is estimated to be $5,000. What will be the depreciation of the machine per year if the straight line method is used for calculation purposes?

Answer 1

Answer:

1000 per year

Step-by-step explanation:

cost.                                           15000

Minus residual value.                 5000

= amount  to depreciate.          10000

divided by useful life.                 10 years

=. depreciation expense                  1000