A machine costing $27,000 with a residual value of $2,000 is to be depreciated on a...
A machine costing $27,000 with a residual value
of $2,000 is to be depreciated on a straight-line basis
over 5 years. What is the adjusting entry [expense] for a full year of depreciation?
Question 12 options:
|
2,000 |
|
|
27,000 |
|
|
20,000 |
|
|
5,000 |
Homework Answers
Answer
Full-year depreciation expenses =(cost -residual value)/life
=(27000-2000)/5
=5000
the value is $5000
Option 4
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