Homework Answers
Answer:
Option 1st is correct. i.e $8100
| As straight minus line depreciation method is used |
| Straight line depreciation = (cost - residual value)/ residual life |
| =(9,000 - 0) / 5= $ 1,800 per year |
| jan 1 to jun 30 2017 implies the equipment is used for half a year. |
| depreciation for half year = $ 1800 / 2 = $900 |
| Book valueof the equipment = $9000 - $900 = $8,100 |
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why is 81000 the right answer
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