What is the amount of straight-line depreciation for year 2 if the useful life of an asset is 6 years, the purchase price is $50,000, and the salvage value is $3,000? Need answer
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What is the amount of straight-line depreciation for year 2 if the useful life of an asset is 6 years, the purchase price is $50,000, and the salvage value is $3,000? Need answer
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- Give me right solution according to the questionHow would you calculate the depreciation of an asset using the sum of digits method if the asset has an initial cost of Rs. 10,000, a salvage value of Rs. 2,000, and an estimated useful life of 5 years?If an asset book-depreciates by the DDB method over a 10-year period, how long will it take to reach its salvage value if the estimated salvage is 20% of the first cost? Remember, assets can continue to depreciate after they have reached their salvage value.
- An equipment costing Php 750,000 has a life expectancy of 6 years. Using the sum-of-the–year’s digit method of depreciation, what must be its salvage value such that its depreciation charge at the fourth year is Php 50,000? Solve show solution.a. Using straight-line depreciation, what is the book value after five years for an asset costing $150,000 that has a salvage value of $35,000 after 20 years? What is the depreciation charge in the sixth year? b. Using declining-balance depreciation with d = 25 percent, what is the book value after five years for an asset costing $150,000? What is the depreciation charge in the sixth year? c. What is the depreciation rate using declining balance for an asset costing $150,000 and having a salvage value of $35,000 after 20 years? a. The book value after five years using straight-line depreciation is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)An asset cost $200,000. It has a salvage value of $40,000. It has a 10 year life. What would accumulated depreciation be at the end of three years assuming straight line depreciation? Group of answer choices $60,000 $40,000 $48,000 $160,000