Homework Answers
Here Answer is $18700
Calculated as
Cost = $31000
life = 4 years
salvage Value = $3800
Depreciable Value = $31000-$3800 = $27200
Per Year depreciation = $27200/4 = $6800
Depreciation for year 1 = $6800 x 9/12 = $5100
Depreciation for year 2 = $6800
Depreciation for year 3 = $6800
Accumulated depreciation on 31st December year 3 = $5100+$6800+$6800 = $18700
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