Computer equipment was acquired at the beginning of the year at a cost of $67,634.00 that...

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Computer equipment was acquired at the beginning of the year at a cost of $67,634.00 that has an estimated residual value of

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Answer 1

Answer #1

In straight line depreciation, cost of asset is depreciated over it's useful life equally. So each year depreciation will be equal

Depreciation = (cost of asset - residual value ) / useful life

= ($67634 - $2167) / 7

= $9352.43

Hence answer will be $9352.43

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Answer 2

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