Depreciation cost = Cost price - Salvage value
= 43,500-5,000
= $38,500
Depreciable Cost/Useful life = Depreciation Expense
38,500/10 = $3,850
Year 2 Depreciation = $3,850
Year end book value ( year 2) = Cost price - Accumulated depreciation
= 43,500-( 3,850 x 2)
= 43,500-7,700
=$35,800
Straight Line Depreciation | ||||
Choose Numerator | / | Choose Denominator | = | Annual Depreciation Expense |
Depreciable cost | / | Useful life | = | Depreciation expense |
38,500 | / | 10 | = | $3,850 |
Year 2 Depreciation | $3,850 | |||
Year end book value ( Year 2( | $35,800 |
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