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Monty Corp. bought equipment on January 1, 2022. The equipment cost $360000 and had an expected salvage value of $65000. The life of the equipment was estimated to be 4 years. The depreciable cost of the equipment is



$360000.


$73750.


$65000.


$295000.

Respuesta :

Samawati

Answer:

$295000.

Explanation:

Depreciable  cost = asset cost - salvage value.

For Monty Corp, asset cost is $360000, and salvage value is  $65000

Depreciable  cost

=$360,000 - $65,000

=$295,000

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