Homework Answers
Annual Depreciation under Straight Line Method
Depreciation = Cost - salvage value / useful life
Cost = 31600 (given)
Salvage value = 3100 (given)
useful life = 5 years (given)
Depreciation for 1st year = 31600 - 3100 / 5 = 5700 per year
Depreciation for 2nd year = 5700
Under Straight Line Method depreciation is same for all years of useful life of asset
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