Homework Answers
Depreciation rate = 200/Useful life = 200/8 = 25%
| Period |
Beginning Book value |
Depreciation Rate |
Depreciation Expense |
Accumulated Depreciation |
Book value |
|---|---|---|---|---|---|
| First | 930,000 | 25% | 232,500 | 232,500 | 697,500 |
| Second | 697,500 | 25% | 174,375 | 406,875 | 523,125 |
| Third | 523,125 | 25% | 130,781 | 537,656 | 392,344 |
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