Homework Answers
| Straight line depreciation method : | |
| Depreciation per year = ( Cost - Expected salvage value ) / Expected useful life = ( 340000 - 40000 ) / 6 | 50000 |
| For year 2017, the depreciation will be for 3 months i.e. from October 1, 2017 to December 31, 2017 | |
| 1. Straight-line depreciation for 2017 = Depreciation per year * ( 3 / 12 ) = 50000 * ( 3 / 12 ) | 12500 |
| 2. Straight-line depreciation for 2018 | 50000 |
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