Homework Answers
Depreciation per year = (Cost - Salvage value) /useful life
= (30,000-1,200)/8 = 3600 per year
Book value at the end of year 4 = 30,000 - (3600*4) = 15,600
New depreciation = (15,600 - 2,400)/6 years
= 2,200
Comment if you face any issues
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