Homework Answers
ANSWER:
depreciable value = initial cost - salvage value
= $455040 - $75960 = 379080
Sum of digits = 1+2+3+4+5+6+7+8 = 36
| Year | depreciable value |
remaining useful life of asset |
Depreciation fraction | depreciation expense |
|---|---|---|---|---|
| 2017 | $379080 | 8 | 8/36 | $84240 |
| 2018 | $379080 | 7 | 7/36 | $73710 |
| 2019 | $379080 | 6 | 6/36 | $63180 |
therefore year if depreciation = 2019
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