Homework Answers
| Cost of Machine | $ 95,000 | |
| Salvage value | $ 15,000 | |
| Useful life | 4 | years |
| Straight-Line Method | |
| Calculation of depreciation per year as per Straight-Line Method | |
| =(Cost of Machine+Transportation and installation costs-Salvage value)/Useful life | |
| =(95000+0-15000)/4 | |
| $ 20,000 | per year |
| value at beginning of the year | Depreciation | value at end of the year | |
| year 1 | $ 95,000 | $ 20,000 | $ 75,000 |
| year 2 | $ 75,000 | $ 20,000 | $ 55,000 |
| year 3 | $ 55,000 | $ 20,000 | $ 35,000 |
| year 4 | $ 35,000 | $ 20,000 | $ 15,000 |
Depriciation for year 2 - $ 20,000
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