StraightLine Depreciation A building acquired at the beginni

Straight-Line Depreciation

A building acquired at the beginning of the year at a cost of $101,900 has an estimated residual value of $3,900 and an estimated useful life of 10 years. Determine the following:

(a)	The depreciable cost	$
(b)	The straight-line rate		%
(c)	The annual straight-line depreciation	$

Depreciable cost(101900-3900) $98000 The straight-line rate(100/10) 10% The annual straight-line depreciation(98000*10%) $9800.

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $101,900 has an estimated residual value of $3,900 and an estimated use

StraightLine Depreciation A building acquired at the beginni

Solution

Get Help Now

Submit a Take Down Notice