Answer:
$11,000 cost, five-year life, and $1,000 salvage value
Explanation:
given data
cost = $11,000
residual value = $1,000
estimated to be good = 5,000 hour
solution
as per the straight-line method
formula to compute the depreciation expense that is express as
depreciation expense = (Purchase value of generator - residual value) ÷ (estimated useful life) .......................1
and
here by considering here these three item
and other information that is not relevant that ignore
depreciation expense = ($11,000 - $1,000) ÷ 5 years = 2000
so $11,000 cost, five-year life, and $1,000 salvage value
