computer equipment was acquired at the beginning of the year Calculate depreciable cost as follows: Depreciable cost = Cost of the asset - Residual =$50,200-$4,300 = $45,900 Therefore, depreciation cost is $45,900
Calculate straight-line rate as follows: Straight-line rate= 100,Life of the asset=100,5 years 20% Therefore, straight-line rate is 20%, Calculate annual straight-line depreciation as follows: Cost of the asset - Residula value,Annual depreciation = Number of years = 5 years, $50,200 - $4,300 =$45,900 ,5 years = $9,180
Therefore, annual depreciation is $9,180
The depreciated cost is the value of an asset after its useful life has expired, which is reduced over time by depreciation. Because the value of an asset is constantly reduced by calculating the depreciation cost, the depreciated cost method always allows accounting records to show it at its current value.
Learn more about depreciated cost here:
brainly.com/question/13896764
#SPJ4