Homework Answers
As the salvage value after 10 years is given to be $500, this is
the left over value, therefore total depreciation over the 10 years
here is given as:
= Total cost - salvage value = 50,000 - 500 = 49,500
Therefore, the depreciation charge per year is computed here
as:
= 49,500 / 10 = 4,950
Therefore 4950 is the required depreciation charge here.
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Office furniture costs $50,000 and has a salvage value of $500 at the end of a...
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