Homework Answers
Under Straight Line Method Depreciation is calculated as follows: -
= (Cost - Salvage Value)/Useful life
According to Question revised cost as per book value is $2,000
Salvage Value or Residual Value = $400
And useful life or Remaining useful life = 4 Years
Therefore the Depreciation will be = (2000 - 400)/4
= 1600/4
= $400
Hence, the answer would be False.
=
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