Calculate depreciation using the straight-line method Ninja Warriors Gym needs to purchase some new equipment. The...
Calculate depreciation using the straight-line method Ninja Warriors Gym needs to purchase some new equipment. The new equipment costs the company $8,000. It will last 5 years and will be worth $500 at the end of 5 years. Calculate the annual straight line depreciation for the equipment.
Homework Answers
Deprecititon as per straight line method=(Cost-Residual value)/USeful life
which is equal to
=(8000-500)/5
=$1500/year.
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Calculate depreciation using the straight-line method Ninja
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