Homework Answers
Depreciation rate = 200/useful life = 200/8 = 25%
|
Annual Period |
Beginning period Book value |
Depreciation rate | Depreciation expense |
Accumulated Depreciation |
Book value |
|---|---|---|---|---|---|
| First year | 830,000 | 25% | 207,500 | 207,500 | 622,500 |
| Second Year | 622,500 | 25% | 155,625 | 363,125 | 466,875 |
| Third year | 466,875 | 25% | 116,719 | 479,844 | 350,156 |
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