Homework Answers
| Item | Cost | Residual value | Service life (in years) | Annual depreciation = (Cost - Residual value)/Service life |
| Computers | 135,000 | 3,000 | 6 | (135,000 - 3,000)/6 = $22,000 |
| Projectors | 40,000 | 2,000 | 5 | (40,000 - 2,000)/5 = $7,600 |
| Phones | 25,000 | 1,000 | 4 | (25,000 - 1,000)/4 = $6,000 |
| Total | $200,000 | $35,600 |
Group depreciation rate = Total depreciation/Total cost
= 35,600/200,000
= 17.8%
Kindly comment if you need further assistance. Thanks
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